EU

/Tag: EU

Tata Steel struggles with global industry glut

2019-12-13T07:28:06+00:00December 13th, 2019|2019, UK Edition – 13 December 2019|

Tata Steel Europe recently unveiled a set of restructuring plans to try and reverse its loss-making streak, spurred by worldwide woes faced by the steel industry in the form of overcapacity and stagnant demand. Highlights: Tata Steel is enforcing restructuring and cost-cutting plans for its European business. The plans include cutting back bureaucracy and greater use of technology to enhance efficiency in order to become more cash-positive in a tough market. The announcement comes after Tata Steel Europe announced plans [...]

Will Brexit be the catalyst to speed up the process of closer UK-India trade ties?

2019-11-28T21:25:33+00:00November 14th, 2019|2019, UK Edition – 15 November 2019|

A cross-border M&A expert notes the opportunities and hurdles that India and the UK could encounter as the UK’s economy is poised to enter a new chapter. On its face, despite Brexit, Indian companies appear to have increased their business in the UK over the last few years. It has been a remarkable development that despite the Brexit uncertainty and exchange rate fluctuations, the number of Indian companies doing business in the UK has increased from 800 in 2018 to [...]

Britain has not yet faced its hard choices

2019-10-26T18:18:11+00:00October 24th, 2019|2019, UK Edition – 25th October 2019|

A political expert delves into how the post-Brexit Global Britain message is playing out in reality and the uncertainty surrounding the UK’s relationship with both EU and non-EU countries. ‘Global Britain’ is the ultimate goal for many Brexiters. They see new, tailored trade deals around the world as Brexit’s great prize. Fast-growing economies, including India, China and Brazil, feature prominently. Critics counter that increasing friction with the European Union – the UK’s largest and nearest partner – has high costs. [...]

Merkel-Modi chemistry to be at play once again

2019-10-25T20:28:50+00:00October 24th, 2019|2019, North America Edition – 25th October 2019, UK Edition – 25th October 2019|

German Chancellor Angela Merkel shares a well-documented connect with Indian Prime Minister Narendra Modi, expected to further boost Indo-German economic relations at a biennial summit in India in November 2019. Indian Prime Minister Narendra Modi had specifically made time for a brief stopover in Berlin at the request of German Chancellor Angela Merkel during his UK visit last year for the Commonwealth Heads of Government Meeting (CHOGM). In the diplomatic world, such symbolic gestures reflect the depth of relations between [...]

Brexit can potentially act as a reset button for British manufacturing

2020-03-16T09:43:17+00:00September 26th, 2019|2019, UK Edition – 27th September 2019|

An economics and public policy expert summarises how a no-Deal Brexit will impact manufacturing in the UK and India. In 1610, the English adventurer Sir Thomas Roe was sent by Queen Elizabeth on a mission to the West Indies in search of the fabled El Dorado, the city of gold reported in the myths of Spanish conquistadors. Roe failed, however, and instead turned his attention to the East, seeking Emperor Jahangir’s blessings to bring British trade to India. The result [...]

Maintaining Momentum in a New Era of Economic Cooperation

2019-05-22T15:33:03+00:00May 20th, 2019|2019, UK Edition – May 2019|

Chandrajit Banerjee, Director-General of the Confederation of Indian Industry (CII), outlines the various sectors that present tremendous opportunities to bolster UK-India cooperation. Historically linked together for centuries, India and the United Kingdom share a commitment to democracy, peace and stability as also institutional, educational and legal affinities that underpin the vibrant and dynamic bilateral relationship today. As India embarks on a reinvigorated growth path and the UK prepares for a historic detachment from the EU, these shared foundations establish a [...]

It is time for Indian companies to make a direct connection with Europe

2019-05-08T12:19:44+00:00May 8th, 2019|2019, Global Edition – April 2019|

A policy expert discusses business opportunities and operational challenges faced by Indian companies looking to expand into Europe, especially amidst Brexit. Brexit is a continuing challenge for businesses in which the most difficult aspect is uncertainty. As I write, there is no solution clearly in sight. The cliff edge of 29 March may be averted, but the schisms marking British politics show no sign of bridging the divides. Business leaders have been stating for a long time that we must [...]

India-Norway ties: Mutual admiration, but below potential

2019-02-15T14:34:48+00:00February 15th, 2019|2019, Global Edition – February 2019|

Himanshu Gulati is a prominent Norwegian politician representing the country’s Progress Party. In this interview, he delves into his political interests, the strength of India-Norway ties and what being a Global Indian means to him. What attracted you to join Norwegian politics? As a youngster I always had strong opinions, and I wished to impact the world I live in. I believe one should take the responsibility upon oneself to change society in the direction one believes in. How would [...]

It’s dicey, but Indian companies must not turn their back on the UK

2020-08-20T07:07:42+00:00February 8th, 2019|2019, UK Edition – February 2019|

While it is prudent for Indian companies to prepare for all Brexit eventualities, they must avoid knee-jerk reactions, writes India Inc. Founder & CEO Manoj Ladwa. The largest parliamentary defeat for a British Prime Minister in a long, long time… a face-saving victory in a no-confidence vote brought by Jeremy Corbyn… and total confusion. Three weeks after high drama in the Mother of Parliaments, there is still no clarity on what exactly will happen at 11 pm UK time on [...]

Wrexit: Is the UK wrecking its own destiny?

2020-08-20T07:10:46+00:00December 21st, 2018|2017/2018, Yearender- December 2018|

A bad Brexit deal, or none at all, can have severe consequences for the UK as an A-list economic power, writes India Inc. Founder & CEO Manoj Ladwa. According to hardcore Brexiteers like the swash-buckling Boris Johnson, Brexit was supposed to herald a new bright era for Britain – unshackled from the EU, Britain would take back control of its borders, its laws and its destiny. British Prime Minister Theresa May, reconciling her own antipathy to Brexit, laid out a vision [...]