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Business and Professional Services Sector Reviews

Synopsis

Definition and scale of sector

Why the sector was chosen in the West Midlands

Financial Sector Review from UKTI

The highly regulated financial services sector in India has huge potential and is growing but Foreign Direct Investment (FDI) has been held back by the slow pace of liberalisation. Although the government of India Union Budget for 2005-06 proposed increasing the FDI in the banking sector from 49% to 74%, it still awaits parliament approval. FDI in the insurance sector remain at 26%.

Niche opportunities exist but market penetration requires a long-term serious commitment beyond the resources of most small and medium enterprise.

The attached report gives an overview and characteristics of the Financial Services sector in India, with details of opportunities and relevant trade publications available in the market.

Education & Training Sector Review from UKTI

With a population of more than 1 billion, and an economy forecast to become the worlds fourth largest by 2020, there is considerable pressure for new skills from both the public and private sectors.

To be able to compete globally, Indian companies are looking for skilled workers who can deliver cost economies. The UK, with its vast provision of vocational education expertise, can suitably address this area.

Great potential exists for developing alliances between British and Indian education providers to deliver in-country courses. The existing Indian institutes delivering education cannot meet the increasing demand of the Indian market. In addition, there is an increasing social preference for overseas qualifications, particularly from the US, UK and Australia. This preference is driven by the perception of better quality and the wider acceptability of overseas qualification in the international job market.

Education & Training Market in India - Doing Business from UKTI

Key Methods of Doing Business

Recruitment to Britain

Recruitment can be done in two ways:

Direct recruitment: The British Council organises regular education fairs where a number of British Universities participate. These fairs attract students who are keen to pursue further education outside India. It is a good opportunity for Universities to exhibit in these fairs and brief students about the various courses, accomodation etc. Information on obtaining a student visa is also provided during the Fair.

Besides the fairs, Universities arrange regular visits to the Market. The British Council assists the Universities by advertising in the local newspapers and providing them with a room to conduct the interviews.

Agents: Some Universities appoint agents in the Indian market who are available round the year to provide detailed information about the Universities and the courses offered.

Tie-ups/Franchises: To offer courses in India it is advisable for the British Institutes/Universities to provide courses in India jointly with the existing Indian Institutes.

All India Council for Technical Education (AICTE) is a statutory body established by the Government of India to plan and co-ordinate development of technical education system in India. AICTE has recently announced guidelines for approval of foreign education institutions offering qualifications in India. This regulation will affect UK institutions offering diploma, graduate degree, post graduate and research degrees in following subjects:

Further details are available on the website:
www.edulinksuk-india.org/writeup.asp

Source: UK Trade and Investment

Education & Training Market in India - Opportunities from UKTI

Opportunities:

1. Higher and further education: offers the most opportunities for British education suppliers. A range of British universities and colleges are already active in the market in one of two ways:

a. Recruitment to Britain

b. Franchises and distance learning - With the ever increasing demand for new technical and managerial skills, public and private sector universities and colleges in India are increasingly seeking overseas affiliations to improve the quality of their courses and to add international recognition and prestige. The demand for distance taught/ distance learning and e-learning courses has also increased.

The British Council supported by UK Trade & Investment has recently launched a website www.edulinksuk-india.org. The website has a database of both Indian and UK Institutes seeking alliances for offering in-country courses. Any UK supplier of education keen to offer courses in India can register on the website. Once registered, the details of the UK supplier will be available to potential Indian partners.

The Knowledge and Learning Centre (KLC) of the British Council offers internationally recognised UK qualifications through flexible online learning. KLC is currently offering various courses including courses from Edexcel and University of Durham.

The courses being sought after by students are management and IT related courses.

Education & Training Market in India from UKTI

Overview

India has been identified as a priority market for British education and training exports since the current institutions delivering education in India cannot meet the increasing demand of the Indian market. The Indian education and training sector is vast with extensive provision throughout the country at primary, secondary and tertiary level. But the sector faces massive challenges. The number of educational institutions has considerably increased after independence, but so has the utilisation of these facilities. The Teacher Pupil Ratio (TPR) is currently 1:42 in primary schools, 1:37 in secondary school and 1:31 in higher secondary school as compared to 1:24, 1:20 and 1:21 respectively in 1950-51. With a population of 1 Billion and an economy forecast to become the world's fourth largest by 2020, there is considerable pressure for new skills from both the public and private sectors.

Education Market in India from IBPN

Sector Overview (India)
UK India Initiative
Background to the Initiative
Existing Linkages

Sector Overview (India)

The Indian Government has allocated US$ 14 billion to public learning in its Five Year Plan; however, higher education will receive a reduced allocation, which has sparked the trend towards private capital in this area. India also has a strong private sector presence in Education Services which co-exist with public educational institutions.

The relationship between private and public in this sector has a major impact on outcomes. For example, the IT boom in India became possible only because of mushrooming of private colleges in non-formal sector and thus complimented the public sector. Engineering, Medical, Management streams are witnessing a strong private participation.

Financial & Legal Market in India from IBPN

Sector Overview (India)

Banking Sector
Capital Markets
Insurance Sector
Venture Capital
Legal Sector
Opportunities
Secor Overview(Britain)
Alternative Dispute Resolution
Banking
Insurance
Pensions Reform
Privatisation
Public Private Partnerships (PPP)
Fund/Asset Management
Securities
Sector Content
Opportunities
Case Studies

Sector Overview (India)

The financial sector is in a process of rapid transformation. Reforms are continuing as part of the overall structural reforms aimed at improving the productivity and efficiency of the economy. The role of an integrated financial infrastructure is to stimulate and sustain economic growth.

The US$ 28 billion Indian financial sector has grown at around 15 per cent and has displayed stability for the last several years, even when other markets in the Asian region were facing a crisis. This stability was ensured through the resilience that has been built into the system over time.

The financial sector has kept pace with the growing needs of corporate and other borrowers. Banks, capital market participants and insurers have developed a wide range of products and services to suit varied customer requirements. The Reserve Bank of India (RBI) has successfully introduced a regime where interest rates are more in line with market forces.

Financial institutions have combated the reduction in interest rates and pressure on their margins by constantly innovating and targeting attractive consumer segments. Banks and trade financiers have also played an important role in promoting foreign trade of the country.

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