MTA Members, including Group Rhodes, Renishaw and Delcam, are currently in India with the Deputy Prime Minister Nick Clegg as part of a delegation focused on the aerospace sector. The three-day visit to India, with a 40-strong trade delegation, will take advantage of the opportunities presented by the new Indian government’s focus on economic growth. The delegation will be joined by Ed Davey, Secretary of State for Energy and Climate Change. It is the first high-level trade mission to India since Prime Minister Narendra Modi was elected in May.
Speaking at the GREAT Business Conference in New Delhi on 25 August 2014, the Deputy Prime Minister 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.”
Inauguration of New Group Rhodes Indian Facility
As part of the visit, MTA Member Group Rhodes had their new, purpose build facility in Bangalore, India officially inaugurated by the Deputy Prime Minister.
Speaking on the new venture, MTA President and Group Rhodes Managing Director, Mark Ridgway OBE commented,
“It is a great honour that the Deputy Prime Minister has agreed to inaugurate the Rhodes India facility in Bangalore. Government has been very supportive of the Advanced Engineering Sector in the UK, and in particular has encouraged international trade through a number of new initiatives including UK Export Finance. We are confident that this investment by Group Rhodes in India will create new jobs and growth both at home and abroad.
"Group Rhodes investigated several potential locations for its base in India, but settled on Bangalore for reasons of skills, aerospace activity and strong international connectivity. It is also a city that works well as a central location for our heavy ceramics division, tapping into the huge potential for clay preparation machinery used in the production of bricks and clay pipes for infrastructure projects.
"It is also important to emphasise that Rhodes is not investing in India for reasons of low labour and overhead costs. That time has gone. Our focus today is on servicing the great opportunity that this market offers across a number of advanced engineering sectors. India’s potential is truly phenomenal.
"Our factory in Bangalore will improve our support for Indian aerospace clients, including Hindustan Aeronautics, and create a competitive base from which to develop our heavy ceramics operations throughout the region and beyond.”