A trade mission to India led by deputy first minister of the Welsh Assembly Ieuan Wyn Jones could result in orders worth more that £2m for firms in Bridgend and Carmarthenshire.
A series of inward investments by Indian companies, including a project to create 150 jobs in the south Wales valleys are also being discussed. The Federation of Indian Chambers of Commerce and Industry agreed during talks with the mission to work with the Welsh Assembly to stage an ‘India in Wales’ week in 2009.
Wyn Jones said that the six-day series of meetings with Indian companies and government officials in Mumbai and New Delhi had been hugely successful.
The visit had positive results in fields as diverse as biotechnology and pharmaceuticals, construction, further education, civil engineering and the creative industries.
One result was an initial order worth £150,000 was secured by EPS Steels (UK) of Bridgend – with significant opportunity for more.
Carmarthenshire-based SAL Consultants were also asked to submit an overview of the costs of building a new cargo hub in India, together with an outline plan of the proposed airfield capable of handling fourteen Boeing 747s on the main apron. This could result in an order worth £1m in total.
Teddington Engineered Solutions of Llanelli said they are close to securing a £1m contract over the next two years and that they have received enquiries that could lead to further, valuable deals.
The mission also renewed key contacts with Indian companies already located in Wales and established important links with companies showing an interest in investing here.