Sheffield businesses are being sought to apply to a new scheme which aims to boost regional exports to India.
The ‘India Growth Champions’ scheme is a joint venture between the Sheffield City Region (SCR) and the UK India Business Council (UKIBC).
It is searching for ten SMEs looking to develop their business links with India. This will culminate in a trade mission in autumn.
Successful applicants will receive ten days of dedicated support. Alongside the development of an India business plan which will include company-specific market research and competitor analysis alongside workshops and business mentoring.
Each successful business will be guaranteed a minimum of five appointments with potential partners whilst in India as part of the trade mission.
“The India Growth Champions scheme is an exceptional opportunity for SMEs from across the region to develop their trade with India – an economy that will be the third largest in the world by 2030,” said Rachel Clark, Director of Trade and Investment at the SCR.
“India has been an under-exploited export market for the SCR. Whilst the EU accounts for 55% of our goods and services, India and China combined account for only 6%.
“We want to begin to change that. This scheme opens opportunities and we are confident will lead to real growth to the companies involved.”
The scheme officially launches on Tuesday 17 March at an event at the Grant Thornton office at Holly Street in Sheffield, when the application process will officially open.