Ireland India Business Association launches subsidiary in India to strengthen bilateral trade

Mumbai, May 24 (KNN) The Ireland India Business Association (IIBA) on Tuesday announced the launch of its subsidiary in India to enhance the bilateral trade and cooperation between the two nations.

During the launch event at the Irish Consulate in Mumbai, Brendan Ward, Ambassador of Ireland in India, said, “India is the fastest growing large economy in the world and Ireland is the fastest growing economy in Europe. With economic and trade relations between India and Ireland growing rapidly, IIBA will play a major role in raising awareness of the opportunities offered in both countries and encouraging investment.”

“The launch of Ireland India Business Association in India marks a significant step forward in strengthening the commercial bonds between our two nations. Together, we can unlock the immense potential that lies within the Ireland-India trade corridor. The launch in India reaffirms IIBA's commitment to facilitating a vibrant and growing trade relationship between Ireland and India,” Saurav Sanyal, Chairman IIBA (India) said.

The launch event was attended by senior executives from Ireland and India including representatives from the Irish Embassy in India, industry leaders, prominent members of the business communities from India and Ireland and representatives from leading Indian educational institutes.

At the event, Tanaz Buhariwalla, India Director, IDA Ireland said, “The registration of the Ireland India Business Association (IIBA) in India is a milestone reflecting the importance of the economic relationship between India and Ireland.”

“Close to 100 Indian companies have chosen Ireland as their international home, capitalizing on Ireland's unique geographic advantage as a gateway to the EU and its reputation as a top 15 innovative country. The IIBA will play a crucial role in strengthening commercial ties between our nations, fostering collaboration, facilitating business development and knowledge exchange leading to bilateral economic growth,” he said.

The IIBA has formed sector-specific working groups, which focus on sectors such as Technology, Food & Agribusiness, Health and Pharmaceuticals, Education, Aviation, and Startups.

Since its inception, it has garnered a diverse membership base, including prominent entities such as IDA Ireland, Enterprise Ireland, Tata Consultancy Services, WIPRO, HCL, Infosys, and number of small and medium sized businesses across various sectors in India and Ireland, according to a report in the IndiaWeb2.  (KNN Bureau)