WMG, the global innovation specialist based at the University Of Warwick, is bringing together small businesses in the Midlands with partners in India to boost investment into the region. It has just signed an agreement with the Export-Import Bank of India (“EXIM INDIA”) that promises to bring new opportunities and inward investment to Midlands’ Small and Medium Sized Enterprises (SMEs).
EXIM India is one of India’s leading financial institutions and it is fully owned by the Government of India. It is looking at how it forms, and financially backs, new trade partnerships between SMEs in India and the UK and in particular the Midlands.
To that end it has signed an agreement with global innovation specialists WMG at the University of Warwick to draw on WMGs extensive experience and contacts with SMEs in the Midlands to help it bring about such new partnerships.
The agreement brings a potential new source of funding available to local SMEs and will help them partner with low cost partner providers in India which can help Midlands companies lower costs but still retain the knowledge that would normally be lost if the whole work was outsourced. Indian SMEs will be encouraged to invest in the region, thus creating new employment and trade opportunities.
Picture of signing - click on thumbnail above or go to:
Caption for picture from left to right:
Dr Mark Swift, WMG University of Warwick
Hon. Kamal Nath, Union Minister for Commerce and Industry, Government of India
Mr. A C Jose, Chairman, Coir Board, Ministry of Agro Rural Industry, Government of India
Mr. T C Venkat Subramanian, Chairman and Managing Director, Export-Import Bank of India
Peter Dunn, Press and Media Relations Manager
Communications Office, University House,
University of Warwick, Coventry, CV4 8UW, United Kingdom
email: Tel: 024 76 523708 Mobile/Cell: 07767 655860
PR24 PJD 3rd April 2007