Dyson among £1.2bn trade deal beneficiaries

Friday, 11th November 2016

Sourced from Insider Media News - follow link to original article

Dyson is among the companies set to benefit from £1.2bn worth of business between companies in the UK and India agreed during Prime Minister Teresa May’s trade mission to the country.

The Wiltshire based engineering company will open flagship stores in major cities across India, including Delhi and Mumbai, and partner with leading retailers to make its technology available to Indian consumers. 

It expects to launch in India in 2017 and generate about £150m revenue over the next five years.

Dynamatic and Airbus, which both have significant South West operations, also revealed plans for the production of parts used in aircraft wings for controlling speed, direction and balance.

The flap track beams will be machined in Dynamatic’s facilities in Swindon and Bristol and then manufactured and assembled in Bangalore.

The company signed a deal worth £205m, of which £120m is expected to benefit the UK economy and create 60 new jobs across Dynamatic’s two UK sites.

A number of commercial deals were signed during the visit, creating and securing jobs across the UK.

The Prime Minister said: “We have an agreement with the Indian government to work with them on our trade relationship. What that means is more trade for British businesses, more jobs and investment in the UK and that’s good for the whole country.”

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