Welcome to podcast episode 108 when we talk about doing business in China and India.
In a recent thought piece by David Leven, Scottish Development International's head of Greater China, he said that building on our relationship with China can mean big opportunities for Scottish companies because China is transforming quickly and needs to find ways to deal with issues such as pollution, financial services reform and how to build up its healthcare system.
In 2016, India surpassed China in economic growth for the first time and now leads the world's major economies. And with a vibrant, cash-rich and rapidly expanding middle-class of 50 million (expected to reach 200 million by 2020, according to Ernst and Young) India's consumer market is likely to the world's largest by 2030.
All of this provides massive opportunities for businesses in Scotland. Because our knowledge, our experience, our technology are second to none and our premium goods and services are all things that both countries need and want and that they are prepared to pay for.
So if you are thinking about internationalising your business into china and India, we can help.
Enterprise Europe Network has offices in more than 60 countries and there are many success stories for example. Here are two.
EEN Success story : In "Crossing cultures to find the perfect wine match", London-based wine importers Lakhtar Singh and John Nakami (Global Wines Direct) noticed a gap in their market and dreamed of creating their own unique, branded wine that would perfectly accompany Indian and Nepalese cuisine.
EEN Success Story : Bringing Arcadia to China the Spiropoulos family winery used the EEN business cooperation database and contact within one of the Network's Chinese branches, the China Council for the Promotion of International Trade, to compile a list of reliable distributors. We discussed our cooperation database in a previous episode.
Scottish Development International has provided services across the world for more than 20 years. Contact our valued and experienced colleagues Uzair Syed and Huishan Chapman in the High Growth Market Unit to utilise their experience and knowledge.
The opportunities and challenges are available now.
Contact us to get practical guidance on selling your goods and services into China and India, with trade missions, information events business matchmaking and networking events as well as free advice from people like Huishan and Uzair on the ground who’s job it is to help you make a success of your business.
Enterprise Europe Network and in Scottish Development International in Scotland cover everything that you could need because we've been supporting businesses on the ground in most countries for many years.
Contact me, Uzair or Huishan or call 0300 013 3385
And if there was one overriding message it is this : “Don’t wait, act now” .