Scottish First Minister John Swinney Expects More Investment After India Trade Mission
· World · The Independent, Economic Times
Scottish First Minister John Swinney concluded a trade mission to India and said further investments will follow the one already announced. Indian firm Sarva Foam plans to open a £6 million manufacturing facility in Scotland creating 100 jobs. Swinney said he held talks with existing investors about expanding their Scottish commitments and discussed ways for Scottish businesses and universities to access the Indian market. He defended the overseas trip as essential to avoid missing opportunities in fast-growing economies, arguing that staying at home would let investments pass Scotland by. The mission included representatives from key Scottish sectors such as food and drink. The First Minister faced earlier criticism for flying business class to the US for the World Cup instead of using a chartered flight.
Why it matters
The trade mission targets Indian capital to create jobs in Scotland and open market access for Scottish firms and universities, with the Sarva Foam plant as the first concrete outcome.
Read the original report — The Independent
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.