Small and mid-size UK and EU businesses can set up a manufacturing capacity in India to not only sell locally but also export worldwide. Good investment destinations in India where I have experience are the affluent states of Gujarat, Haryana, Rajasthan, Punjab, Delhi NCR region and Karnataka.
Some of the most in-demand industries include:
- Precision Engineering: Ancillary and components for Automobiles, Defence, Mining, Chemical, Pharma and other large Process engineering firms.
- Food and Beverages: Food processing machinery, food processing plants, dairy products, making own and private label non-alcoholic and alcoholic beverages, food packaging and preservation.
- High-Tech Agriculture: Vertical farming, Soil-less farming like Hydroponics, Aeroponics, Aquaponics and similar methods of precision farming.
- Pharma, Consumer Products, Packaging, Logistics, Textiles and any other small to mid-size business to target the affluent middle and upper middle class in India.