Confident of more UK firms setting up units in Sri City
British’s Deputy High Commissioner to Andhra Pradesh & Telangana, Mr. Gareth Wynn Owen, recently visited Sri City where in he lauded the world-class infrastructure, and business friendly ambience. “So pleased to visit for the first time the fantastic Sri City.
The growth in just 15 years is so amazing, and I am pleased that British Companies have been part of the journey. I look forward to revisit the place” said Mr Owen while expressing confidence that more and more UK companies will set up their operations in Sri City soon.
Dr. Ravindra Sannareddy, Founder Managing Director, Sri City drew their attention on the available investment options present across different sectors, financial incentives from the state and central governments, and specific advantage of locating production units in Sri City.
“India and the United Kingdom share a modern partnership bound by strong historical ties. For UK India is a ‘priority market’, and it stands as 6th largest investor in India, accounting for around 5.3% of all foreign direct investments. Sri City, being the home to eight renowned British companies in diverse sectors, remains at the top of mind recall of investors from UK” said Dr.Sanna Reddy.
Mr. Varun Mali, Dy. Head of Mission & Head of Trade & Investment, who accompanied the Deputy High Commissioner said,”Our relationship with Sri City continues to grow, and we plan to work together in sectors like Technology, Healthcare and Life sciences, and most importantly on the sustainability initiatives, contributing to the ‘net zero’ agenda,” Mr. Varun Mali said.
There are 8 companies from UK, viz., Bergen Pipes, IMI-CCI, RN Photo Coatings, Healthium Medtech, MSR Garments, Rotolok Valves, Gentek and MMD.
The purpose of the visit was to see the business city in person and have the first hand knowledge of the progress achieved.
We feel honoured for the attention paid by Mr. Owen in knowing more about Sri City. His observations, which are very encouraging, would certainly pave way for more business investments here from UK,” said Sannareddy.
8 renowned British companiesIndia and the United Kingdom share a modern partnership bound by strong historical ties. Dr. Ravindra Sannareddy, Founder Managing Director, Sri City
