India offers greater opportunities than China for UK
Wednesday, 22 November 2006, 06:00 Hrs
London: Even though the Chinese economy was powering ahead, it is India that will offer greater opportunities than China across the next three decades for British companies, an economic expert to consulting major Deloitte advised here.
Speaking at the Institute of Directors in Birmingham, Roger Bootle, economic adviser to Deloitte, told British businesses based in towns like Birmingham and Leicester that they had direct access to India from the Midlands, and it was the nearest of the two fast-emerging economies.
Institute chairman John James said: "Birmingham businesses and Birmingham City Council will be missing a big trick if they don't heed Roger's message about India.
"Nowhere in Britain has closer links to the Indian community and we can fly to India directly whereas we can't to China. India should be our prime target market for the future."
Meanwhile, reports from Birmingham say that engineering firm Hampson Industries was in talks with Hindustan Aeronautics to supply components. The firm, which has a facility on the sub-continent, is targeting annual revenue of about 8 million pounds from India by 2011.
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