Chairman Business Committee
Indo-British Enterprise Partnership has been established
in recognition of the growing two-way trade between India
and the United Kingdom. There
is enormous potential for investment and trade between the UK and India
and today two-way trade, including invisible, now stands at about £4
billion per year.
cornerstones of an increasingly global economy of the future
will be partnerships, knowledge sharing and technology
partnerships. There is enormous potential for India and
UK companies to thicken and strengthen commercial relations.
have been dramatic changes in India in the past decade.
From its centuries old record as one of the world’s
most unchanging nations, India has been moving into rapid
economic and political transformation. Economic liberalisation
has brought in foreign goods, investment and competition,
and it has also generated impressive entrepreneurial skills
in India itself. The government of India appears to be
committed to reforms that matter most; public sector privatisation,
infrastructure projects, insurance, banking and other financial
reforms as well as seeking to encourage high-tech initiatives
is India’s third largest new investor since 1990
and is India’s second largest trading partner. Possible
key sectors for increasing investment and trade are wide
and they include petrochemicals, power, water, construction,
infrastructure, information technology, insurance, banking,
auto components, engineering, and other financial services,
but also fashion, film making, design, legal services and
tourism. Not surprising that India is experiencing a fast
increase in foreign direct investment.
Indo-British Enterprise Partnership is particularly keen
to strengthen and thicken relations between medium-sized
and growing companies in the UK and India. The Forum has
a very experienced and committed team of business people
on its committee who together with a wide range of other
advisers want to make sure that there is the maximum synergy,
business and commercial activity and trade between India
and the United Kingdom.