Post-Brexit, Ireland woos business from Kerala | RetailTechPodcast

Post-Brexit, Ireland woos business from Kerala

KOCHI:With Brexit looming, Ireland's Investment Development Authority has been wooing the companies in Kerala to set up shop there to gain advantage from investments in Ireland's business ecosystem. Tanaz Bhuhariwalla, IDA India director said that over 40 Indian businesses engaged in sectors ranging from Information Technology, engineering, pharma, medical devices and life sciences have chosen Dublin. "This year Kerala is our focus for encouraging investments in Ireland. Several Kerala-based firms in the food processing, healthcare, IT and life sciences sectors are making huge investments in Ireland and in the coming years, we will definitely see a rise in the number of such companies," Tanaz said. According to her, during the last census held in 2011, Malayalees make up an eighth of Ireland's 28,000-strong Indian population. "Due to the low corporate tax rate, Ireland offers a favourable ecosystem for investors and global companies looking for an effective partnership," she said. Indian companies, both large and small and across a wide range of sectors, have chosen Ireland for strategic operations like manufacturing, supply chain management, warehousing, assembly, customer delivery and product development. Read more