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21/11/2013
Three Irish Firms Announce New Contracts
Three Irish companies announced significant new contracts and business developments during this week's trade and investment mission to India led by the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD.
The mission is being organised by Enterprise Ireland and IDA Ireland, and today's announcements demonstrate the tremendous potential for building Ireland's exports in the huge India market and creating jobs at home.
The Taxback Group is expanding into the Asian market with the launch in India of PaytoStudy and has announced contract agreements with two of the top five educational agents in India, among others. These are expected to generate €15m in new revenue for PaytoStudy.
Kilkenny company Connolly RED MILLS has also captured significant business since launching in the Indian market in 2012, and has now opened a new representative office in Bangalore.
Dublin company Globoforce, a world leader in employee recognition programmes, announced a new multi-year contract with Tata Communications, part of Tata Group, India's leading conglomerate.
Minister Bruton said: "At the heart of our Action Plan for Jobs is driving the creation of a powerful engine of exporting Irish businesses. To support this, we have put in place a range of changes through our Action Plan for Jobs, including doubling the number of Ministerial trade missions, a range of tax changes and the establishment of a new Potential Exporters Division in Enterprise Ireland.
"The announcements show the huge potential that exists in the hugely exciting Indian market. These new business wins are hugely significant for these three Irish companies and their Indian partners, and I congratulate them on their success.
"On a wider level, this activity is creating greater awareness across a range of sectors in India of the high quality and innovative products and services that Ireland has to offer. This is a very valuable platform which will help open up the vast India market for more and more ambitious Irish exporting companies seeking to expand into Asia."
(CD/JP)
The mission is being organised by Enterprise Ireland and IDA Ireland, and today's announcements demonstrate the tremendous potential for building Ireland's exports in the huge India market and creating jobs at home.
The Taxback Group is expanding into the Asian market with the launch in India of PaytoStudy and has announced contract agreements with two of the top five educational agents in India, among others. These are expected to generate €15m in new revenue for PaytoStudy.
Kilkenny company Connolly RED MILLS has also captured significant business since launching in the Indian market in 2012, and has now opened a new representative office in Bangalore.
Dublin company Globoforce, a world leader in employee recognition programmes, announced a new multi-year contract with Tata Communications, part of Tata Group, India's leading conglomerate.
Minister Bruton said: "At the heart of our Action Plan for Jobs is driving the creation of a powerful engine of exporting Irish businesses. To support this, we have put in place a range of changes through our Action Plan for Jobs, including doubling the number of Ministerial trade missions, a range of tax changes and the establishment of a new Potential Exporters Division in Enterprise Ireland.
"The announcements show the huge potential that exists in the hugely exciting Indian market. These new business wins are hugely significant for these three Irish companies and their Indian partners, and I congratulate them on their success.
"On a wider level, this activity is creating greater awareness across a range of sectors in India of the high quality and innovative products and services that Ireland has to offer. This is a very valuable platform which will help open up the vast India market for more and more ambitious Irish exporting companies seeking to expand into Asia."
(CD/JP)
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