India set to rival China with B2B customers
May 11th, 2010
Multi-national companies are on the rise, and India is at the forefront of the expansion, a report by PricewaterhouseCoopers LLP (PwC) has announced. Over 2200 Indian companies are set to develop their operations outside of India in the next 15 years, highlighting the importance for UK businesses to forge relationships with businesses from overseas.
Some businesses in ‘emerging’ countries such as Russia, Malaysia, India, and parts of Eastern Europe, are finding it hard to establish themselves due to rising levels of competition, and are looking to set up camp outside of their home countries in order to secure resources and build better relationships with foreign markets.
It’s important for UK businesses to form alliances with these multi-national businesses in order to secure their own place in the market.
“UK companies need to work hard to interact and deal with the new players and also to expose their own goods and services to rapidly growing markets around the world. Companies that are able to build early alliances with emerging market multi-nationals will be safeguarding their business models for the future.” said Chris Hemming, Global Head of Corporate finance, PwC.
Anna Pearce, Oban Multilingual, International SEO
