In order to strengthen business links between Indian and Scottish companies within the larger India-UK relationship, Scottish Enterprise's global arm Scottish Development International (SDI) has organized the business summit with the collaboration of the Confederation of Indian Industry (CII) and the Royal Edinburgh Tattoo this week in Edinburgh. This business summit will strengthen bilateral trade ties and generate awareness among Scottish companies for doing business in the country under the 'Make in India' initiative.
Further, this event is a great showcase for both India-Scotland markets and to grow their trading partnerships. The India-Scotland Business Summit is being organized at an opportune time when the economies of both India and UK are witnessing high levels of growth and diversification. The Scottish economy's strengths in the key sectors of energy, life sciences, ICT, education and food and drink provide immense prospects for collaboration with India under its 'Make in India' flagship initiative. Last fiscal Scottish exports to India were worth $379 million whereas IT, BPO, education, biotechnology and energy were identified as further growth sectors.
Recently Scottish Enterprise has set up a High Growth Market Unit in recognition of the potential of the market offering extra support both in Scotland and India for companies with the desire to high opportunity market.