Enterprise Ireland
Annual Report and Accounts 2006
Annual Report and Accounts 2006
The Enterprise Ireland trade mission to India in early 2006 was the first ever all-island overseas trade mission, and marked an important turning point in Ireland's economic relations with South Asia.
An Taoiseach, Mr. Bertie Ahern T.D., accompanied by Minister for Enterprise, Trade and Employment Micheál Martin T.D., Minister for Education and Science Mary Hanafin T.D., and Minister for Arts, Sport and Tourism John O'Donoghue T.D., led the high profile delegation in India.
India's economy is a world leader in terms of growth and, with a population of over one billion, it will be a powerhouse in the coming years. Irish exports to India are currently growing by 15 per cent each year.
The week-long visit took place at the three key business centres of Bangalore, Delhi and Mumbai and involved 85 Irish companies, industry associations and organisations - the most extensive trade delegation, by far, ever to have visited India from Ireland.
A total of 120 business executives representing the companies had over 500 business meetings in the three cities. The companies came from a broad range of sectors, including biotechnology, software, IT, educational services, sports and arts, and food and beverages. Most of them were making their first visit to India.
Enterprise Ireland also organised three major networking events and set up special events for participants from the International Education Services sector.
As an immediate result of the trade mission, 13 companies entered into contracts and partnerships estimated to be worth over €35 million during the next three years. A number of third-level colleges and industry associations were also successful. Science Foundation Ireland, the Irish Software Association, the Irish Biotechnology Association, the Irish Exporters Association and Chambers Ireland all signed partnership agreements with Indian counterparts that will help to deepen relationships and exchanges within education and research establishments in both countries.
During the visit, the Taoiseach announced the opening of an Enterprise Ireland office in Delhi to better service the needs of Irish companies in the Indian market.
Significantly, this mission included delegates from 12 Northern Ireland companies. This first all-island trade mission by Enterprise Ireland and Invest Northern Ireland has paved the way for further successful collaboration.
