Search Result for : Uk Economy

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 ...

The Dollar Business Bureau The British Prime Minister, Theresa May, visited Dynamatic Technologies’ facility in Bangalore as Airbus takes delivery of the first commercial set of A330 flap track beams, produced jointly in the UK and India. Airbus’ footprint in India has increased significantly in the last 40 years, and Dynamatic will provide flap track beams for Airbus’ twin aisle A330 model. The parts will be jointly manufactured in Dynamatic’s facilities in Swindon, Bristol and Bangalore. Worth up to £120 million to the UK economy over a 10 year period, this contract will create 60 new jobs across Dynamatic’s two UK sites and 100 jobs at their Bangalore site. Speaking on the occasion Prime Minister, Theresa May, said, “This agreement between Dynamatic Technologies and Airbus ...

The Dollar Business Bureau Tata Steel has decided to cancel the sale of its assets in the United Kingdom after many months of negotiation with the UK government and the worker unions. Agencies said that the company has decided not to divest its majority of the share in UK steel business due to the Brexit uncertainty. They also added that the company is in preliminary talks with Thyssenkrupp, a German based company for a joint venture. However, the company has said that the success of the joint venture depends on the results of the discussion with the developments on workers' pension schemes, British trade unions and government policy support.  A sale of specialty steel business like the Hartlepool Pipe Mill unit with the UK operations ...

Source: PTI  India is the third-largest international student market in London after China and the US, according to a latest report. International students studying at London universities last year provided a 3 billion pounds boost to the UK economy and helped support 37,000 jobs, the report by London & Partners, the Mayor of London's official promotional company, said. Of those figures, Indian students spent an estimated 130 million pounds in 2013-14 compared to 407 million pounds by the Chinese and 217 million pounds by the Americans. Of the 130 million pounds total, Indians spent 43% at 56 million pounds on tuition fees, 56% at 74 million pounds on subsistence and less than 1% on visiting friends and relatives. ‘The Economic Impact ...