€80 billion opportunity for new business - Bruton
Jobs Minister Richard Bruton today announced that the Government is targeting the €80billion global supply chain of multinational companies in Ireland in an effort to help Irish companies win new business, grow exports and ultimately create new jobs.
Multinational companies based in Ireland currently source approximately €80billion in goods and services globally, of which over €11billion currently comes from Irish businesses. A joint IDA/Enterprise Ireland senior management team is targeting an increase in this figure in 2013 through measures including:
- Identify 65 multinational companies, which offer particular potential for Irish companies;
- Develop a Joint Strategy by Enterprise Ireland and IDA to target these companies;
- Increased participation by EI clients on inward itineraries by IDA companies;
- Enhanced programmes to support EI clients capability to meet needs of global corporations;
- Additional engagements targeted with key procurement decision-makers within 65 companies.
Making today’s announcement, Minister Bruton said:
In the short time that this joint team has been in existence it has made significant progress. Necessary research has been done, plans have been concluded and initial actions have been developed, with major benefits to both Irish companies and multinationals. The next step now is to build on this progress with a comprehensive strategy to target growth, which is what will happen in 2013.
Read the full press release here.