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UK eyes India for talent, supply chain integration and market size: UK India Business Council

Updated: May 30, 2023 02:19:39pm
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UK eyes India for talent, supply chain integration and market size: UK India Business Council

New Delhi, May 30 (KNN) The businesses from the United Kingdom are closely looking at India for talent, supply chain integration and as a market, Richard McCallum, Chief Executive Officer of the UK India Business Council told Moneycontrol.

In an interview, McCallum said, “There is a lot of interest from the UK businesses in defence, advanced manufacturing, technology, digital services and education.”

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“There are also areas for collaboration like robotics, artificial intelligence and green technology where the UK is among the leaders, as well as digital public infrastructure where India is a pioneer,” he said.

The UKIBC is planning conferences around technology to showcase the Indian consumer to UK businesses in order to help the UK based companies to diversify its supply chains.

“Among our companies, we see a really, really strong appetite to engage with India, whether it's from research and development, or talent, or a supply chain integration perspective. And we're helping companies right now diversifying some of the manufacturing away from markets like China to India,” McCallum added.

The UKIBC CEO pointed out that defence is an area where there is a commercial opportunity on both sides, a common geopolitical strategic narrative and huge potential.

Talking about the India-UK FTA, he added that the FTA negotiations are making good progress.

“Business and government are optimistic, there's good political will behind it. And I think, you know, when the fifth and sixth largest economies in the world try and do an FTA, it's important to take the time to get that right, it won't always be easy,” he added.

The UKIBC has been playing a very important role in the process by sharing with both governments what businesses want following detailed consultations.  (KNN Bureau)

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