India to welcome SMEs from UK to export-invest in the country
New Delhi, Sept 28 (KNN) Eyeing at a coordinated effort in the Small and Medium Enterprises (SMEs) sector, India will be hosting over 50 SMEs later this year, inviting them to invest in the country.
Assistant Vice President of Invest India, Vivek Abraham, in a press interview informed about the latest development.
He said that India is graduating from a regulator oriented country towards a facilitator based approach. Following this, the government have decided to roll out the red carpet for investors from across the world.
The initiative of brining UK SMEs to India is a part of the Access to India program launched by the he High Commission of India in the UK, with the UK India Business Council. The prime objective is to to offer a single window of advice to SMEs in the UK looking to export to or invest in India.
The aspiring UK SMEs can further avail the market entry support programme, legal and project financing advice as well as strategic advisory and location services and advice on mergers, acquisitions and government clearances.
Officials of the implementing agency expect that the program will help encourage manufacturing in India as technology would sweep in the country brought by the UK SMEs. (KNN/ DA)