India team to double number of Indian investments into Ireland by 2020
IDA Ireland, the Irish Government’s foreign investment agency, has appointed Tanaz Buhariwalla as the Director of their India office. Her role involves spearheading the Indian operations of IDA Ireland which involves promoting Ireland as an operational base for Indian companies expanding their presence in European markets.
Ireland is targeting companies in the area of technology, business services, life sciences, medical technologies and high – end manufacturing. Encouraged by the success and the response from Indian companies so far, IDA Ireland’s India team plan to double the number of Indian investments into Ireland by 2020.
On her new appointment Buhariwalla said, “As part of my new role, I look forward to strengthening IDA Ireland’s outstanding position in the Indian market. Indian companies are increasingly assessing Ireland as an attractive investment destination and also as a gateway to access the European markets. Close to 40 Indian companies have already set up base in Ireland. Last year Indian companies setting up and consolidating their presence included Infosys, NIIT, Tech Mahindra and this year it is expected about 6 Indian companies will follow suit. So far, prominent Indian companies such as HCL, Wipro, TCS, Wockhardt, Deepak Fastners, and Crompton Greaves amongst others are providing employment to over 3,200 people, and are planning to expand.”