Companies from the UK are deepening their engagement with Indian medium, micro and small enterprises (MSMEs) with 58% of UK companies in India are labeled as MSMEs, a report by Grant Thornton reveals.
Sectoral Breakdown of UK MSME Presence
Inside India’s MSME section the place UK companies are current, the industrial merchandise sector leads with 20.68% of whole turnover, adopted by power and pure assets (14.6%), media and telecom (13.71%), enterprise providers (13.53%), expertise (9.58%) and monetary providers (8.6%).
FTA to Speed up Commerce in Excessive-Development Sectors
The Indo-UK FTA signed in July this yr has opened up new alternatives for UK SMEs in sectors similar to clear power, well being tech, superior manufacturing. The FTA goals to double bilateral commerce to $120 billion by 2030
Leave a Reply