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Sector-specific opportunities

Opportunities in India

There are numerous opportunities for UK businesses across many sectors in India, including advanced engineering and manufacturing, digital innovation, energy, healthcare, financial, education, infrastructure and sports.

Contact the Department for International Trade (DIT) trade specialists to find local representatives for your products via: https://www.gov.uk/overseas-customers-export-opportunities

From its worldwide network, DIT can provide international export sales leads. Find export opportunities in India at: https://www.great.gov.uk/export-opportunities/

For more information about opportunities and advice on doing business with India contact DIT at: https://www.gov.uk/world/organisations/department-for-international-trade-india#contact-us

Do not forget to check that your goods meet legal requirements for export at the UK Export Control Joint Unit (ECJU) (formerly known as the Export Control Organisation) at: https://www.gov.uk/government/organisations/export-control-organisation

[Source – DIT Trade and Export guide: India, gov.uk, UKEF]

 

Advanced engineering and manufacturing sector

India has put significant effort into green technology within its leading automotive manufacturing sector due to the Indian Government’s ‘Make it India’ campaign. This campaign has brought new ideas to the government, which has improved the protection of Intellectual Property (IP) rights, and fostered investment and innovation.

FDI limits were increased to 49% and private domestic firms’ licences to produce defence equipment were liberalised. Expansion in defence and civil aviation is an important part of the growth for this sector. 

Current government arrangements are creating opportunities for UK companies in India. See the UK India Business Council (UKIBC): https://www.ukibc.com/content-hub/policy/key-sectors-and-policy-groups/sector/advanced-engineering-and-manufacturing/, or contact the DIT team in India: https://www.gov.uk/world/organisations/department-for-international-trade-india#contact-us for more information on the advanced engineering and manufacturing sector.

[Source – DIT, UK India Business Council (UKIBC)]

 

Digital innovation sector

Although India has the third-largest internet-literate population in the world, internet penetration is considerably low in comparison. Therefore, there are opportunities for UK companies to help increase internet penetration and usage base. 

The government has introduced the Digital India initiative to increase investment into the country. Due to this initiative, there has been an increase in the demand for technology-related services, and opportunities have arisen in the finance and banking, retail, healthcare and education sectors for digital innovation.

See the UK India Business Council (UKIBC): https://www.ukibc.com/content-hub/policy/key-sectors-and-policy-groups/sector/digital_innovation/, or contact the DIT team in India: https://www.gov.uk/world/organisations/department-for-international-trade-india#contact-us for more information on the digital innovation sector.

[Source – DIT, UK India Business Council (UKIBC)]

 

Energy sector

Between 2014 and 2015, India had one of the highest increases in energy consumption, and currently the country is the fourth-largest energy consumer worldwide. India’s primary energy comes from coal, oil and natural gas; however, by 2022, the government has stated that they will turn to more renewable energy sources. Renewable energy is at 36.3 Gw, by 2022 this figure is planned to be 211 Gw.

This need for renewable energy has created several opportunities for UK companies in the energy sector. See the UK India Business Council (UKIBC): https://www.ukibc.com/content-hub/policy/key-sectors-and-policy-groups/sector/energy/, or contact the DIT team in India: https://www.gov.uk/world/organisations/department-for-international-trade-india#contact-us for more information on the energy sector.

[Source – DIT, UK India Business Council (UKIBC)]

 

Financial, legal and professional sector

The Insurance Laws (Amendment) Act was passed, increasing the amount foreign investors could stake in local insurers to 49% from 26%. Foreign investments are currently allowed in Alternative Investment Funds. 

Flexibility for foreign investors will be established through composite caps that will replace certain investments, such as Foreign Portfolio Investments and foreign direct investment (FDI).

See the UK India Business Council (UKIBC): https://www.ukibc.com/content-hub/policy/key-sectors-and-policy-groups/sector/financial_legal_professional/, or contact the DIT team in India: https://www.gov.uk/world/organisations/department-for-international-trade-india#contact-us for more information on the financial, legal and professional sector.

[Source – DIT, UK India Business Council (UKIBC)]

 

Infrastructure sector

By the end of 2020, India plans to spend US $1 trillion on a number of infrastructure projects, these include roads, ports, airports, railways, power sources and urban regeneration.

The 100 Smart City Mission (SCM) was launched in 2015 in order to establish larger industrial corridors such as the Delhi-Mumbai Industrial Corridor (DMIC), the Chennai-Bangalore Industrial Corridor (CBIC) and the Bangalore-Mumbai Economic Corridor (BMEC). Along these corridors, the majority of industrial and commercial centres are to become smart cities. 98 were announced in 2015, to be established as smart cities by 2020, with a budget of £9.8 billion.

Other missions include Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and, by 2022, the government plans to have housing for all.

The smart city initiative opens up several opportunities for UK companies, especially if they can offer value added and specialised services, including technology consulting, networking, middleware, sector-specific applications, and systems integration.

See the UK India Business Council (UKIBC): https://www.ukibc.com/content-hub/policy/key-sectors-and-policy-groups/sector/infrastructure/, or contact the DIT team in India: https://www.gov.uk/world/organisations/department-for-international-trade-india#contact-us for more information on the infrastructure sector.

[Source – DIT, UK India Business Council (UKIBC)]

 

Life sciences and healthcare sector

Pharma and biotech companies in India are becoming highly successful internationally due to investment. Private healthcare companies are also becoming more successful as India’s population becomes more affluent and demands private healthcare facilities.

The automatic route for the manufacturing of medical devices allows 100% FDI, permitted by the Indian Government, and the liberalisation of the country’s insurance industry will help to increase healthcare insurance.

See the UK India Business Council (UKIBC): https://www.ukibc.com/content-hub/policy/key-sectors-and-policy-groups/sector/life_siences_healtcare/, or contact the DIT team in India: https://www.gov.uk/world/organisations/department-for-international-trade-india#contact-us for more information on the life sciences and healthcare sector.

[Source – DIT, UK India Business Council (UKIBC)]

 

Retail, food and drink, and logistics sector

The retail sector in India continues to grow due to a major shift in the buying behaviour of the population as the demand for products such as smartphones and credit cards increases. Value added services, such as cash on delivery, have also increased the sector’s success.

There has been a recent growth in online sales as the internet literate population and increased internet penetration are allowing the population to access products online. By the end of 2019, India’s e-commerce market was estimated to reach £60 billion.

100% FDI is permitted in single-brand retail and up to 51% in multi-brand, though both are subject to certain conditions. The FDI is permitted under the automatic route for the food processing sector and wholesale trading businesses, including B2B e-commerce.

Opportunities for UK companies exist for UK retailers, food and drink producers, and logistics and other associated services.

See the UK India Business Council (UKIBC): https://www.ukibc.com/content-hub/policy/key-sectors-and-policy-groups/sector/retail_lifestyle/, or contact the DIT team in India: https://www.gov.uk/world/organisations/department-for-international-trade-india#contact-us for more information on the retail, food and drink, and logistics sector.

[Source – DIT, UK India Business Council (UKIBC)]

 

Skills and education sector

In 2015, India launched their ‘Skill India Campaign’, that included the National Skill Development Mission and the National Policy for Skill Development and Entrepreneurship 2015. 

India, by 2022, has plans to increase the success of its young population in order to help them gain the qualifications and skills that will contribute towards the country’s economy. There are already targets and strategies in place that will help to provide qualifications to 500 million people, as well as the creation of 40 million new university places.

See the UK India Business Council (UKIBC): https://www.ukibc.com/content-hub/policy/key-sectors-and-policy-groups/sector/skills_education/, or contact the DIT team in India: https://www.gov.uk/world/organisations/department-for-international-trade-india#contact-us for more information on the skills and education sector. 

[Source – DIT, UK India Business Council (UKIBC)]

 

Sports sector

India’s sports sector has continued to grow since its 10% increase to US $480 million in 2014. Due to this growth, there are a number of opportunities for UK companies, especially in sportswear, equipment, goods, sports management and engineering professionals.

See the UK India Business Council (UKIBC): https://www.ukibc.com/content-hub/policy/key-sectors-and-policy-groups/sector/sport/, or contact the DIT team in India: https://www.gov.uk/world/organisations/department-for-international-trade-india#contact-us for more information on the sports sector.

[Source – DIT, UK India Business Council (UKIBC)]


 

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