UK 'reassured' by GM on its plans for Vauxhall brand
The Dollar Business Bureau UK’s Secretary of State for Business, Energy and Industrial Strategy, Greg Clark, said on Friday that he was ‘reassured’ by American multinational General Motors Company’s (GM) plans for its interests in Europe, including the UK’s Vauxhall, amidst talk of taking over by French car maker PSA Group. “There is some way to go in discussions between GM and PSA but I was reassured by GM’s intention, communicated to me, to build on the success of these operations rather than rationalise them,” the Secretary said in a statement. Recently, GM had made considerable investments at its Luton and Ellesmere Port plants, he said. Clark spoke after a meeting with the President of GM, Dan Ammann in London, when it emerged that ...
Nasscom calls for fresh pact on worker mobility with the UK
The Dollar Business Bureau Concerned with the proposed changes by UK in the visa system that will have an impact on migration of skilled IT workers, industry body Nasscom on Friday called for a pact on high-skilled worker mobility between India and UK to protect the economic interests of both countries. Nasscom said that the migration of IT workers should be considered as a trade priority than an immigration issue. “Indian IT companies play a key role in driving UK's growth and prosperity by significantly enhancing productivity and global competitiveness of British businesses, contributing to overall growth and job creation of the UK economy,” it said. The software body said it intends to focus on the opportunities that Prime Minister of UK, Theresa May's upcoming ...
Modi meets UK's new PM Theresa May
PTI Prime Minister Narendra Modi today for the first time met new British Premier Theresa May here and held discussions on enhancing bilateral ties in the aftermath of UK's decision to exit the 28-member European Union.Both the leaders held discussions on the sidelines of the G20 summit here on "building opportunities" after the UK voted to leave the EU- the world's single largest market."Building opportunities with the United Kingdom. PM @narendramodi meets PM @theresa_may for their first bilateral," External Affairs Ministry spokesperson Vikas Swarup tweeted.May was sworn in as Prime Minister on July 13, succeeding David Cameron who resigned after the country voted in favour of exiting the EU.May, 59, is UK's second woman Prime Minister after Margaret Thatcher, also known as ...
More risks from Brexit than perceived: ASSOCHAM
The Dollar Business Bureau The Indian government should intensify its observation on the current political-economic situation in Europe, Associated Chambers of Commerce and Industry of India (ASSOCHAM) said, as the risks from Brexit are going to be more severe than perceived in the beginning. The industry body urges the government to set up a monitoring group to study the risks to the world economy as well as to India from Brexit. India’s exports have come down continuously for over 18 months, and any escalation from here would be mainly due to the impact of a lower base. ASSOCHAM Secretary General D S Rawat said that India must keep an eagle eye on countries like China as they may tweak the value of their currencies ...
Fever-Tree Gin and Tonic returns to Indian shore
India is one of the top five gin markets in the world, and Fever-Tree sees India as a long-term platform for its growth Jayashankar Menon | @TheDollarBiz UK Deputy Prime Minister Nick Clegg during the launch at the British High Commission on August 25, 2014 as part of the UKTI trade mission Tim Warrillow, promoter of the UK-based gin manufacturer Fever-Tree, is in India along with the UK Trade and Investment (UKTI) delegation led by the UK Deputy Prime Minister Nick Clegg. The delegation is visiting India as a part of the British Government's policy to boost exports and Prime Minister David Cameron's commitment to increase exports to one trillion pounds (about $1.65 trillion) by 2020. Fever-Tree could play an important role in ...
