North Ireland delegation scouting for Indian investments
A delegation from North Ireland (NI), led by Enterprise Minister, Arlene Foster, is on a week-long visit to India to attract investments in the region in the United Kingdom.business Updated: Sep 22, 2009 22:25 IST
A delegation from North Ireland (NI), led by Enterprise Minister, Arlene Foster, is on a week-long visit to India to attract investments in the region in the United Kingdom.
Alaistar Hamilton, Chief Executive of Invest Northern Ireland, the business development agency of North Ireland, also accompanied the Minister.
"There is no target for us in terms of the number of companies we want to attract during our visit but we are looking to secure as many jobs as possible," Hamilton told reporters in Mumbai on Tuesday.
"We are aiming to create around 6,500 jobs in NI in three years," he said.
The companies that will invest in NI will be given financial assistance, and incentives against the jobs they create, Hamilton said. "If necessary. Companies will also be given training and cultural assistance," he said.
Meanwhile, Foster ruled out any tax benefits for the foreign investors.
The Minister said that they were primarily looking for investments from the IT and BPO sectors.
Invest Northern Ireland's Senior Vice-President, India, Barry Clarke, said that companies from the region had made investments to the tune of 30-40-million pounds in India in the past few years.