Partner Article

Washington firm heads to India in search of new business

A Washington based manufacturing firm is leading the pack by capitalizing on business opportunities in India.

Electric Vehicle Systems Ltd, who provide systems for all types of electric vehicles, including electric scooters, trains and airport equipment, have been operating in India for over 25 years.

The company has already used a number of UKTI services, including the Overseas Market Introduction Service, to ensure it makes the most of the opportunities on offer.

Now, UKTI will be taking a delegation of businesses from the region on a trip to India between March 3-10 2012.

Companies have until Friday Nov 4 to book a place on the visit, where they will find out more about this growing market, and meet potential customers.

Gary Holmes, managing director at EVS, said: “We knew that there could be a lot of potential for our operation in India but it was only when we physically went out there that it became apparent how vast this market is.

“We knew at that point we needed some support to help us make the decision where to site our office, and the market intelligence that the OMIS report provided was a great help.

“Our India office opened in 2009, in Kolkata, and since then has gone from strength to strength.”

The company now plans to use their India base as a springboard to make the most of opportunities even further afield, such as in Singapore and other markets in the Far East.

Geoff Young, one of UKTI’s International Trade Advisors, who will accompany the delegation, said: “The success of EVS in India shows that small firms can, and do succeed in complex overseas markets.

“The UK has strong ties with India and as it is one of the world’s fastest expanding economies there are plenty of opportunities for North East companies in all sorts of sectors to do business there.

“India may be a challenging market but it is one that cannot be ignored by UK companies that are looking for opportunities for growth.”

He added that overseas market visits are designed to overcome the fears of small businesses in pursuing foreign ventures, and provide an opportunity for in-depth research and meeting of potential customers and partners.

This was posted in Bdaily's Members' News section by Tom Keighley .