Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Joint Oireachtas Committee on Foreign Affairs and Trade

Trade between Ireland and ASEAN Countries (Resumed): Enterprise Ireland

10:00 am

Mr. Kevin Sherry:

I will deal with India first. India is one of the markets that are seeing substantial growth in the number of international students coming to Ireland following a substantial effort. A number of our most recent trade missions in India have focused on international students. It is one of the more difficult countries in which to do business both in terms of ease of doing business and Irish companies identifying areas of opportunity where they can not only compete but win business and win profitable business because the cost base in some sectors in India is obviously a challenge. Companies looking to do business in India are very much focused on intellectual property-intensive businesses where they have something that cannot be easily found in the marketplace in India.

That also extends to design skills in terms of construction services and telecommunications. India, in terms of the scale of its population and growth, is a market to which we are committed for the long term, as is, as I am sure members are aware, the IDA and the Department of Foreign Affairs and Trade. It is a market into which we continue to encourage companies. The Minister for Jobs, Enterprise and Innovation, Deputy Bruton, visited India recently.

On Iran, we have been looking at the market there and have some previous experience in that regard, which my colleague, Conor Fahy, will expand on.

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