Life sciences and healthcare companies across the UK are being urged to sign up to a brand new service to boost their export success to India, a country where biotechnology alone is predicted to be worth £6 billion by 2015. The new service is being offered by the UK India Business Council (UKIBC), the business-led organisation backed by UK Trade & Investment (UKTI) to boost UK-India bilateral trade. For a fee of £35 per month, UKIBC provides intelligence, events, reports, and creates ‘communities’ linking large and small companies in subsectors including medical equipment and technology, healthcare infrastructure, biotechnology, eHealth, pharmaceuticals, training and R&D in India. Online, the members’ life sciences and healthcare sector page will be updated regularly with new reports and analysis.
UK India Business Council CEO Richard Heald (pictured) said: “I urge healthcare and pharmaceutical companies to focus on the huge opportunities existing in fast-growing economies like India. Not only is India the 10th largest economy in the world and the fourth largest by purchasing power, but industrial growth is picking up, offering many UK firms the chance to export their way out of the current downturn here.