You are here

Renewables to boost Scotland-India trade

The opening of a Scottish development organisation’s new office in India signals increasing interest in trade in renewable energy technologies, among others, between the two countries

India and Scotland are seeking to drive innovation in renewable energy and support both governments' goals to increase supplies of wind energy, solar power and biofuels

To help accelerate Scottish-Indian trade and potential for collaborations – particularly in the field of renewable energy - Scottish Development International, has opened a new office in India.

The international economic development arm of the Scottish Government opened its third office in Hyderabad; it has already opened two in Delhi and Mumbai.

Scotland sees bilateral trade with India growing significantly as there is huge untapped potential renewable energy sector among others. In 2009 a Memorandum of Understanding (MoU) was signed today between the Governments of India and Scotland to drive innovation in renewable energy and support both governments' goals to increase supplies of wind energy, solar power and biofuels.

Anne MacColl, Chief Executive Officer, SDI, said, “The opening of our new office in India and entry into South India reinforces our commitment to the market and region in particular. This will also help accelerate bilateral trade and potential for collaborations between Scottish and Indian companies.”

Mark Dolan, Country Manager of SDI said, “There has been a healthy increase in trade between India and Scotland in the last decade. This can get bigger as more companies work together. There is increasing interest in companies on both sides to partner and work together.” A high-powered ministerial delegation from Scotland headed by the Industries Minister is likely to visit India in the fourth quarter of 2013, he said.

The renewable energy sector is where several of the Scottish companies are keen to share their expertise and know-how. “Already there is partnership at the Central Ministry level and we hope this will get much bigger,” they stated.

IT companies such as Wipro, TCS, Axsys Technologies have made Scotland their base to work in the region and many others have evinced interest as it serve as an ideal base to cover the European region, they felt.