SMEs in the UK are innovation-oriented and technology-driven. They are part of global supply chains of not only UK majors but also other global OEMs in their specific sub-sectors. The UK government wants to encourage their expansion into high growth markets such as India to increase their global footprints alongside the bigger players, thereby making them resilient to economic adversity.
On the other hand, Indian SMEs (and medium-sized players here) are also eyeing international markets . To become globally competitive, they are keen to adopt cutting-edge technology and good practices. Having the cost advantage of domestic production, they are looking at opportunities to collaborate and invest in technologies that will help them move to the next stage.
Working together will help SMEs in both countries achieve their ambitions. For this reason the UKIBC, along with PwC, is proposing to produce a report to inform UK SMEs of opportunities in the Indian market, potential areas of collaboration, issues to be aware of along with risk mitigation strategies.
As a leading SME in the automotive industry, your inputs about the challenges and opportunities you face in giving your organisation the competitive advantage, will be of immense value to enrich this study.
Our survey comprises 20 questions and your participation will take approximately 20 minutes. All participants will receive a complimentary report that provides insight into the strategies employed by leading auto component companies in India as well as in the UK. All responses will be kept strictly confidential. The last date for response is 31 August Friday.
We look forward to receiving your response. Take the poll
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