UK manufacturers should consider joint ventures with Indian counterparts as a way of gaining a foothold in lucrative Asian markets, according to Clearwater Corporate Finance.
Clearwater, the mid-market advisory firm, found a high level of interest in the UK market following a visit to India.
They claim this puts British businesses in a strong position as overseas companies are keen to improve their own manufacturing bases via technology transfer.
They add that joint ventures with UK companies are an attractive proposition for Indian firms. This, in turn, allows businesses here to capitalise on India’s buoyant economy, which the Indian government predicts will grow by five per cent this year.