India and Scotland have held a business summit in Scotland to strengthen bilateral trade ties. The summit focused on creating an awareness among Scottish companies for doing business in India under PM Narendra Modi’s ‘Make in India’ initiative. Scottish Enterprise’s global arm Scottish Development International (SDI) organised the summit with the collaboration of the Confederation of Indian Industry (CII) and the Royal Edinburgh Tattoo in Edinburgh.
Scottish exports to India were worth $379 million in 2014, and IT and BPO, education, biotechnology and energy were identified as further growth sectors. Scottish Enterprise recently set up an High Growth Market Unit in recognition of the potential of the market. As part of CII’s Business Roadtrip initiative in the UK, a delegation of senior officials of Air India, Rolta, State Bank of India, Tata Group and Wipro among others went to Edinburgh.
Things You Should Know About Scotland
- Capital of Scotland is Edinburgh. Largest city is Glasgow.
- Scotland is a part on the United Kingdom, along with England, Wales and Northern Ireland.
- Scotland has a unique culture with traditions such as bagpipes, kilts and highland dancing.
- The Bank of Scotland, founded in 1695, is the oldest surviving bank in the UK.
- Scotland has some 790 islands, 130 of which are inhabited.
- The Edinburgh Festival, a grouping of arts and cultural festivals taking place in summer, form the largest annual cultural festival in the world.
Test Your Knowledge
What is the National Animal of Scotland?
