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UK welcomes opportunities in science investment
Tuesday, 16 Mar 2010 04:29
Leading Indian stem cell companies have visited the UK in order to develop links with British businesses.
The UK, which is ranked as the top European location for attracting research and development investment in the life sciences, welcomed the Indian partners, including the Asian country's largest private stem cell bank LifeCell.
Sir Andrew Cahn, chief executive of UK Trade & Investment, commented: "Ranging from industry leaders in India to niche firms, UKTI is introducing these potential business partners to our world-leading innovators in stem cells.
"India is a strong economy with tremendous growth and diversification plans. I want to ensure British business continues to be the global partner of choice – and that British firms seize the chance to be part of India's growth."
The UK already houses Asian biotech companies, including RNLBio of South Korea.
RNLBio set up in Newcastle upon Tyne in a partnership with Newcastle Medical School.
The company chose the northern town over sites in Germany and Spain for its European research and development headquarters.
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