UK Edition – March 2018

///UK Edition - March 2018

Fortune Seekers: Does India have some answers for Brexit Britain?

2018-09-04T12:45:37+00:00February 23rd, 2018|2017/2018, Putting it in context, UK Edition - March 2018, Year|

Businesses, the diaspora and policy powerhouses will all need to work in tandem to build lasting UK-India ties, writes India Inc. Founder & CEO Manoj Ladwa. This year, there is an important chance to reassess the strength of India’s bond with the UK and show the world that India is a bridge-building nation. It is just over a year until the UK reaches its Article 50 deadline and leaves the European Union (EU). UK economic growth is beating all forecasts [...]

UK invests big in the Indian market

2018-07-31T14:05:51+00:00February 23rd, 2018|2017/2018, India-Uk, UK Edition - March 2018, Year|

Tech major Dyson leads the charge of investments in the Indian market as Make in India makes its automotive mark. Tyremarket.com raises UK funds Bengaluru-based online tyre retailer Tyremarket.com has raised around $500,000 from UK-based online tyre retailer Blackcircles.com’s founder Michael Welch. Tyremarket is headed by former Siemens Healthcare executive Sanjeev Agrawal, who is co-founder and CEO. Tyremarket, which was started in 2015, operates a lean business model similar to Blackcircles. It is an online marketplace for supplying tyres to [...]

Weary of China, ASEAN looks at India for leadership

2020-03-03T09:50:04+00:00February 23rd, 2018|2017/2018, Region Focus, UK Edition - March 2018, Year|

ASEAN is heavily dependent on China for trade but distrust between the two in South China Sea offers an opening for India to enhance its stature in the region. Every year, as India celebrates the birth of its Republic in the last week of January, the world watches as the largest democracy shows its mettle as a social, political, cultural and military superpower. This year however, was a particularly power packed show not because the tableaus of various states of [...]

Trudeau’s domestic political compulsions holding back India-Canada ties

2018-05-18T13:02:22+00:00February 23rd, 2018|2017/2018, Last Word, UK Edition - March 2018, Year|

Like the under-performing India-UK relationship, bilateral ties between India and Canada present another conundrum. To call the India-Canada relationship underwhelming would be, well, an understatement. Bilateral trade between two of the world’s largest economies – India is the world’s sixth-largest and Canada the tenth-largest – with a combined GDP of about $4 trillion is a paltry $8.3 billion, according to figures from Statistics Canada. That’s a minuscule 0.2 per cent of all goods and services produced in these two countries. [...]

The UK as a location of choice for high net worth Indian individuals

2020-03-04T07:00:42+00:00February 23rd, 2018|2017/2018, SPOTLIGHT, UK Edition - March 2018, Year|

‘New World Wealth’ recently reported that 7,000 ultra-rich Indians moved overseas to various locations in 2017, including the UK.  A financial expert analyses the tax scenario in the country to weigh up its attractions. The focus of this report is on the tax regime in the UK and why this may be attractive to individuals domiciled in India or elsewhere. The UK offers many other social and economic benefits and tax is unlikely to be the only factor influencing the [...]

Decoding the Indian Budget 2018 for UK businesses

2018-05-23T12:33:16+00:00February 23rd, 2018|2017/2018, India-Uk, UK Edition - March 2018, Year|

The Budget opens up wide scope for private sector participation in sectors such as healthcare. India’s Union Budget 2018-19, presented by the Finance Minister on 1 February 2018, reaffirms the government’s focus on keeping the Indian economy on an inclusive growth path with an emphasis on social sector, infrastructure and agricultural development. This was the government’s last full-year budget before the General Elections in 2019 and came on the back of significant structural reforms in the last 12-15 months including [...]

UK is a destination, not a stopover, for Indian banks

2020-11-24T11:17:59+00:00February 23rd, 2018|2017/2018, Global Indian, UK Edition - March 2018, Year|

Sanjiv Chadha is the Regional Head for the UK for State Bank of India (SBI), India’s largest state-owned bank. The London-based executive, also Chair of the Association of Indian Banks in the UK, took time out for ‘India Global Business’ to elaborate on SBI’s move from a branch of the Indian entity in Britain into a standalone subsidiary, in line with regulatory requirements, and how the Indian roots of the bank have proved a big asset. What will the launch [...]

Can CHOGM 2018 redefine global trading history?

2020-03-04T07:02:37+00:00February 23rd, 2018|2017/2018, Analysis, UK Edition - March 2018, Year|

The Commonwealth Heads of Government (CHOGM) meeting in London in April is expected to be the most ground-breaking summit for the bloc of 53 nations. When Narendra Modi arrives for the Commonwealth Heads of Government (CHOGM) meeting in London in April, he will be aware of the significance of his very presence at the summit. It will mark the first visit by an Indian Prime Minister to CHOGM since Trinidad and Tobago in 2010, with Indian leaders having given summits [...]

Indian firms on an investment spree

2020-04-03T11:41:23+00:00February 23rd, 2018|2017/2018, SPOTLIGHT, UK Edition - March 2018, Year|

From oil and gas to FMCG, Indian companies made their mark around the world in recent weeks. India gets stake in Abu Dhabi oil Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time. State-owned Oil and Natural Gas Corp and two other Indian companies will take a 10 per cent share of the concession to pump crude from [...]