cloudfront

Supply Chain Business Could Be Worth 500m Euros

01 Dec 2012


Immigration News

 

Greater supply chain linkages between multinationals based in Ireland and indigenous companies could create 1,000 jobs and give the economy a €500 million annual boost, the Government claims.

Minister for Jobs, Enterprise and Innovation Richard Bruton yesterday said that the IDA and Enterprise Ireland are joining forces to encourage indigenous companies to win business from multinational companies (MNCs) based here.

The strategy is part of the Action Plan for Jobs initiative, which aims to improve supports for job-creating businesses.

Irish-based MNCs currently source approximately € 80 billion in goods and services globally, with Irish companies accounting for more than €11 billion of this. According to Mr Bruton, a 5 per cent boost in business wins by Irish companies could lead to annual benefits of more than €500 million.

“There can be a knock-on of 1,000 jobs by supply-chain companies improving their capacity to penetrate the market that’s on our door-step,” he said. “I believe there are real opportunities here”.

As part of the strategy, the IDA has identified 65 multinational companies that offer “particular potential” for Irish companies, and will develop a joint strategy with EI to target these companies. Many Irish companies are already successfully tapping into this market.

Speaking at the launch of the initiative yesterday, Séamus McKenna, vice president of global engineering and professional services at Daon, a biometric identity management company, said that the company would be one of “Ireland’s best-kept secrets” if it wasn’t for its engagement with Accenture. It has worked with the global consultancy firm to secure biometrics projects across India, the US, Europe and Ireland.

The advantage, he said, of working with a global brand such as Accenture is that you get to “hang on to their coat-tails” while you establish yourself in the global market.

Source: http://www.irishtimes.com/newspaper/finance/2012/1201/1224327340599.html


QUICK ENQUIRY

  •  I agree to the Privacy Policy
Two Year Canadian Dream One day when I woke ...

Sxxxxx xxxxxL
Canada

CANADA VISA ( FEDERAL ...

Really good service provided on all the steps. ...

Pxxxxx xxxxx
Australia

AUSTRALIAN VISA...

Skills assessment Approved. ...

Sxxxxxxxx xxxxxxxxxxU
Canada

ACS RESULT...

Hi, We have had a pleasant experience with Opulentus. ...

Axxxx xxxxx
Australia

AUSTRALIAN VISA...

Thanks a lot to the whole team for ...

Axxxxxxxx xxxxxE
Australia

AUSTRALIAN VISA...

Hello, The experience overall was very nice.Right from start,I ...

Gxxxxxx xxxL
Australia

AUSTRALIAN VISA...

I am writing to let you know how ...

Pxxxxxxxx xxxxxxI
Australia

AUSTRALIAN VISA...

Appropriate guidance at each and every step. Opulentus ...

Nxxxxxxx xxxxx
Australia

AUSTRALIAN VISA...

Got it within time frame of 5 months ...

Axxxx xxx
Australia

AUSTRALIAN VISA...

Thanks for your valuable and professional support in ...

Sxxxxxxxxx xxxxxxI
Australia

AUSTRALIAN VISA...

View All