Investment Strategy in British Midlands
The British Midland development agency is strategically positioning itself to attract approximately 40 Indian investors across multiple sectors over the next three years.
Investment Advantages
East Midlands Development Agency's Director David Wallace highlighted several compelling reasons for international investors to consider the region:
- Cost Effectiveness: Property prices are significantly lower by 50% compared to London
- Labor Cost Reduction: Labor expenses are 25% less than London
- Strong Manufacturing Base: Comprehensive international operational capabilities
- Skilled Workforce: Availability of diverse skill sets
Sector Focus
The agency is particularly targeting investments in:
- Automotive industry
- Aerospace technology
- Transport technology
- Information Technology
Existing Indian Investments
Several prominent Indian companies have already established presence in the British Midlands, including:
- Tata Consultancy Services
- Tata Motors
- Tata Steel
- State Bank of India
- Bank of Baroda
- Brunton Shaw UK Limited
Global Investment Outlook
Wallace acknowledged potential challenges in the investment landscape, noting:
- Anticipated slight slowdown in investment decisions
- Impact of US recession and credit crunch
- Expected cautious approach from global investors
Despite these considerations, the British Midlands remains an attractive destination for international business expansion, particularly for Indian enterprises seeking strategic global investments.