UKIBC organises event on future of India's economic growth
UKIBC organises event on future of India's economic growthNew Delhi, Jun 13 (KNN) The UK India Business Council (UKIBC) in association with the Federation of Indian Chambers of Commerce and Industry (FICCI) has organised an exclusive event to highlight India’s economic growth until 2020.
The event titled, ‘Looking Ahead – India’s Future Economic Growth until 2020’ will be held in London on June-25.
It will feature the Union Minister of Commerce and Industry, Anand Sharma as well as President of FICCI and Executive Director of HSBC, Naina Lal Kidwai.
Given that India plans to boost growth through the development of National Manufacturing Investment Zones and Information Technology Investment Regions, the Minister will outline the key opportunities this presents for UK and Indian businesses to collaborate across various sectors such as infrastructure, manufacturing, creative industries, including media and entertainment, R&D, technology, education and skills sectors, according to a UKIBC notification.
The minister will also inform the gathering about labour market reforms and the status of the Delhi-Mumbai economic corridor.
The prospects these plans offer to UK companies over the next decade will be highlighted by experts within the Indian industry during the event, offering an excellent opportunity for networking.
Others who will be participating in the event are Chair UKIBC, Patricia Hewitt and High Commissioner of India to the UK, J Bhagwati.
Earlier in the month, British cabinet minister for communities and local government, Eric Pickles said that UK was attempting to double its trade with India by 2015.
He had led a 20-member business delegation and spoke at a seminar on UK-built environment expertise in Kochi. Reports said, the delegation was exploring partnerships with the state government of Kerala in environment, infrastructure, construction and water sectors.
Currently, there are 40,000 Indian students studying in the UK. Further, the British Council has trained nearly one million English language teachers that have catered to over 17 million Indians, helping them increase their career prospects.
According to UK government data, bilateral trade between the two countries touched 16.4 billion pounds in 2011-2012. (KNN)