Scott Bader Announces Investment in India
WELLINGBOROUGH, UK — Scott Bader recently announced that the company has recognized the significant opportunities in India and is committed to bringing composite and adhesive technology to its Indian customers for wind energy, electric vehicle battery technologies and light weighting in transport such as rail and infrastructure projects. It anticipates investing more than £20 million (approximately $25.1 million) over the next five years into India and expects to generate over 150 skilled jobs with revenues of at least £30m (approximately $37.7 million).
In addition to its “Made in India” strategy, Scott Bader hopes to use its investments in India to supply into the broader ASEAN region. It will continue to provide technical support services and supply specialist products from its UK and Dubai manufacturing sites, which will continue to support employment in these areas.
UK Prime Minister Boris Johnson said, “I’m delighted that Scott Bader is expanding into India to make the most of the opportunities for UK businesses in one of the world’s biggest economies. Our exporters are brilliant ambassadors for Britain and I hope today’s announcement is just the start of what you can do for booming partnership between India and the UK.”
Additional information is available at www.scottbader.com.
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