FTA between UK and India will be easier to accomplish once UK exits EU, Sujit Nair
By Sheela Mamidenna UK and India share an age-old history of common interests and values and with India’s rapid rise to fame as the ‘fastest growing large economy’ in the world, the relations between the two countries could ‘reboot’ as Theresa May had expressed during her visit to India in November last year. UK is India’s 5th largest trading partner and a great place for Indian businesses and will remain so post-Brexit for many reasons. However, trade bodies like FICCI voiced a negative sentiment saying that trade between India and UK is likely to suffer due to the Brexit vote and a decline in sterling. There are over 800 Indian businesses operating in the UK and serving as a gateway to Europe. Experienced ...
India, UK to sign an MoU in transport sector
The Dollar Business Bureau India and the UK on Friday decided to sign a memorandum of understanding (MoU) in urban transport sector to cooperate in policy planning, institutional organisation and technology transfer. India’s Road Transport, Highways and Shipping Minister Nitin Gadkari, who is on a 3-day visit to the UK, concluded the bilateral cooperation agreement between the Transport for London (TfL) and India’s Road Transport and Highways Ministry, which would cover a broad range of solutions in transport mobility and related activities in urban settings. “The signing of the MoU will be completed through diplomatic channels shortly,” Gadkari said. During his visit to the TfL headquarters in London, a presentation was given to Gadkari on strategy & policy reforms, experience of customers and data analysis ...
India-UK ease of doing business conference to bolster bilateral partnership
The Dollar Business Bureau The India-UK Conference on Ease of Doing Business has been jointly inaugurated by Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce & Industry, India, Ramesh Abhishek and British High Commissioner Sir Dominic Asquith, on December 8, 2016 in New Delhi. It will act as a springboard to propel the strategic bilateral partnership between the two countries to the next level. The India and UK partnership on Ease of Doing Business is important because of the role that the business environment plays in encouraging trade, investment, innovation and economic growth. This conference, following the commitments made by UK Prime Minister Theresa May and Prime Minister Narendra Modi last month, will provide a forum for experts from both countries ...
India, Britain sign 3 three Bilateral APAs including international transactions
The Dollar Business Bureau India and Britain have inked three more Bilateral Advance Pricing Agreements (APAs) as a result of an understanding that was reached between the competent authorities of the two countries sometime back. This has taken the total number of APAs signed - both bilateral and unilateral - so far to 111. According to a statement by the Finance Ministry, The Central Board of Direct Taxes (CBDT) signed three APAs covering international transactions in the nature of payment of intra-group service charges pertaining to the telecom industry. They also have a roll-back provision. With the fixing of these pacts, India and the UK have completed five bilateral APAs with some more expected to conclude in the near future. The total number of ...
India Inc. Upbeat on Theresa Mays Visit
The Dollar Business Bureau All eyes are on British Prime Minister Theresa May's India visit after the latest changes in UK visa norms. Theresa May will visit India on Sunday as part of her three-day visit. This time around the PM is visiting with the largest ever business delegation from her country. India Inc views this as a sign of good times to come. Bilateral trade will be at the forefront of discussions between the UK and India. Post Brexit, forging strong non-EU alliances with countries like India is crucial for the UK. Trade between India and the UK is expected to suffer following the vote in favour of Brexit. The subsequent drop in the sterling pound value too has added to the woes ...
India, UK sign trade deals worth 9 billion, seek more economic ties
The Dollar Business Bureau India, in the last one year, has taken a slew of initiatives to remove its domestic bottlenecks and ease its regulatory policies. Earlier this week, the government eased FDI rule in 15 key sectors, including insurance, to attract greater foreign investments in India. The move has already started to show results as UK’s insurance industry, with joint ventures in India, announced investments worth about £238 million, subjected to regulatory approvals. UK has also pledged to partner India in its ambitious urban developmental goals under ‘Smart India’ mission and will jointly develop Indore, Pune and Amaravati through technical assistance, expertise sharing and business engagem India and UK on Friday announced the signing of bilateral trade agreements worth £9 ...
