Belfast Telegraph

Thursday 31 July 2014

Hopes for potential legacy of investment

Invest NI and Belfast City Council are hoping that the economic impact of Global India Business Meeting will continue long after delegates have departed after the two-day event on June 23 and 24.

The Indian guests are set to be introduced to European business leaders at the event in order to exchange ideas about how the regions can do business. Indian companies like IT firm Mahindra Satyam and motorcycle manufacturer Hero Motocorp will be represented.

India's political class will also be represented, with Minister of Commerce and Industry Anand Sharma (left) and Vijay Bahuguna, Chief Minister of Uttarakhand, having confirmed their attendance. Closer to home, Minister of State for Energy and Climate Change Gregory Barker and Business Secretary Vince Cable are also invited. And the First and Deputy First Ministers will also receive an invite to the opening ceremony at Belfast City Hall.

The city council said it was hoping to develop a wider 'India week' so visitors will be given an incentive to stay longer, and to boost interest at home in Indian culture and the business opportunities it presents. The council is using Invest NI's offices in India to contact companies about possible trade links.

Development committee meeting minutes also reveal that the council is working with the Arts Council, ArtsEkta and Lord Rana, head of hotel and property business Andras House, on tourism packages for visitors. The budget for the event is £160,000, including £30,000 from Invest NI.

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