UK manufacturers blowing India opportunity
June 22nd 2006 UK companies are falling behind the US, Europe and the Far East in the race to invest in India’s blossoming economy, according to a report by the Trade and Industry Committee.
MPs on the committee say there are considerable openings for investment within the manufacturing, automotive and aerospace sectors, but that UK firms are missing out on the world’s fourth largest economy by viewing it as a source of low cost labour rather than viewing it as an emerging market in its own right.
The committee says UK industry needs to address the situation before it is too late – and that government must do more to help.
On average, India’s economy has grown by around 8 percent each year since March 2003. More articles from IPE News Desk: | 
