Learn English: UK Firms Tackle India's $38 Billion Market (normal)

5 days, 16 hours ago

UK Firms Tackle India's $38 Billion Market

A new trade deal lets UK firms compete for massive Indian government contracts, totaling a staggering $38 billion.

This opens doors to projects in key sectors such as transportation and renewable energy, previously dominated by Indian companies.

However, significant hurdles include navigating complex regulations, dealing with potential payment delays, and overcoming price competition.

Successfully participating requires understanding India's procurement system and developing strategies to mitigate these inherent risks.

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Source

Original: BBC News

Tags

#India-UK Trade #Government Procurement #International Trade #Economic Relations #Global Business

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