IDA Ireland woos Indian investors, John Kilmartin, Director holds seminar in Chandigarh

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Chandigarh | Published: February 6, 2015 7:20:51 PM

ICT, Life Sciences, Financial Services, Engineering, Digital Media, Games and Social Media are some...

ICT, Life Sciences, Financial Services, Engineering, Digital Media, Games and Social Media are some of the key sectors in which the island country, Ireland is wooing investors from India.

John Kilmartin, Director of Industrial Development Agency (IDA of Ireland) in India who is here in Chandigarh to meet prospective investors said that Ireland is focused on securing investments in three key areas: High Value Manufacturing, Global Services and RD&I. These activities are thriving across all business sectors, while significantly improving Ireland’s competitiveness. The IDA has planned investor seminars in 9 Indian cities including Hyderabad, Delhi, Mumbai, Chennai, Kolkatta, Ahmedabad, Bangalore and Chandigarh.

After addressing a seminar here to market Ireland as an attractive investment destination for global companies, Kilmartin told that some of India’s best known companies have operations in Ireland including HCL, Wipro, Wockhardt, Reliance Life Sciences, Ranbaxy, Crompton Greaves and TCS. He said that about 197 companies from the globe had invested in Ireland of which six companies are from India.

John Kilmartin said that Ireland has been awarded the top spot in Forbes’ Best Countries for Business list. This island country scores highly in global business rankings and continues to attract companies from a variety of sectors including Ireland provides companies with a strategic base from which they can achieve their global vision, acting as a bridge to both Europe and the USA. Little doubt that companies like Google, Intel, Microsoft, Pfizer are among the world’s leading corporations have presence in Ireland.

As English is the business language, it is easy to set-up and operate in Ireland and the multilingual character of the country makes it easy to access and service other European countries from one location. He said that the World Bank in it’s Doing Business Report ranked Ireland 1st in Europe for investor protection. He said that Ireland also has a transparent fiscal system with a flat corporation tax rate of 12.5% for companies.

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