Prima Dental invests in Indian expansionBy Edward Devlin, Senior Digital Staff Writer
Gloucester-based dental company Prima Dental is investing £10m in India to establish a sales and distribution arm in the north of the country.
The news comes as business secretary Vince Cable visits India to spread the message that "Britain is open for business".
Cable, who is in India today (10 October 2014) on a week-long visit, will announce new measures to tackle falling Indian student numbers and encourage business investment in the UK.
The business secretary will also reveal a total £33m investment in projects which will bolster the UK's business relationship with India.
Indian company Amtek Auto is also investing £23m in a new foundry in Kidderminster creating 500 jobs in the region, while UK Tech company Blippar, a specialist in augmented reality, is launching India Blippar and opening its first Asia office in Delhi.
Cable said: "Britain and India have long enjoyed a strong, collaborative business relationship – demonstrated by the fact that we are their largest investor in the G20 accounting for around 30 per cent of their annual investment – while India invests more into the UK than any other country.
"The government's industrial strategy is giving business the confidence to increase investment – creating more high-skilled, long-term jobs in the UK. So I am pleased that Amtek is the latest Indian company to increase investment into the UK, creating 500 new jobs in Kidderminster."
Cable will also announce measures to encourage more Indian students to come to the UK, with the largest ever number of scholarships through the GREAT Scholarships programme.
A delegation of UK universities and tech companies has accompanied Cable on the visit. These include MIRA Technology, Delcam, Peel Ports, The Design Council and King's College London.