Renishaw, the leading UK engineering technologies business, was taking part in a trade delegation to India this week.
The trade mission was being led by Deputy Prime Minister Nick Clegg.
Renishaw, which has its headquarters in Wotton-under-Edge, in Gloucestershire, is being represented by Rhydian Pountney, general manager – ROW sales division. The 40-strong trade delegation aimed to take advantage of the opportunities presented by the new Indian government's focus on economic growth. It included major British businesses from the retail, aerospace and education sectors, who were signing deals and exploring new opportunities with their Indian counterparts. This was the first high-level trade mission to India since Prime Minister Narendra Modi was elected in May and the Deputy Prime Minister has been joined on the visit by Ed Davey, Energy and Climate Change Secretary. The delegation spent time in New Delhi, Mumbai and Bangalore.
Mr Pountney, who co-chairs the Advanced Manufacturing Group of the India-UK Joint Economic and Trade Committee (JETCO), said, "It is a great honour to be invited to attend this mission and comes at a time that Renishaw is making further investments in India that will be announced by the Deputy Prime Minister during the week. Today we employ more than 250 staff in India which includes five sales offices supporting our expanding customer base, plus product assembly and software development at our large facility in Pune."
Renishaw was part of the delegation focused on the aerospace sector and speaking in New Delhi on Monday, Nick Clegg said, "As the leader in the global aerospace industry, the UK can also help India strengthen its lead in this valuable market. Our aerospace industry – which comprises big names like Rolls Royce, BAE systems, Airbus and Cobham and smaller companies such Group Rhodes, Renishaw and logistics company Patton Air – produces and supplies some of the most pioneering aircraft components in the world."
The delegation was organised by UK Trade and Investment (UKTI) the government department that helps UK-based companies succeed in the global economy. Renishaw, which last year celebrated its 40th anniversary, now employs just under 3,400 people globally, of which 1,900 are located at its five main sites in the county. Last July, the company reported a record turnover of £355.5 million for its financial year, of which 94 per cent was due to exports.
A world leader in engineering and science-based technologies, Renishaw supplies products used for applications as diverse as jet engine and wind turbine manufacture, through to dentistry and brain surgery.