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Opportunities in India for UK automotive technology companies
On 29th July, Department for International Trade, Automotive Component Manufacturers Association, High Commission of India in London and UK India Business Council gave an overview of the Opportunities for UK Automotive Technology Companies. The presentation included an overview of the automotive industry, influence of new technologies, impact of COVID-19 and partnership opportunities for UK automotive companies.
You can view the presentation here: Opportunities in India for UK automotive technology companies Presentation
Webinar: UK Cooperation with Tamil Nadu and thoughts on post-COVID recovery
ON 15TH JULY, THE UK INDIA BUSINESS COUNCIL (UKIBC) HOSTED A WEBINAR FOCUSED ON THE STATE OF TAMIL NADU INCLUDING: UK ENGAGEMENT IN THE STATE, AN OVERVIEW OF ITS ECONOMIC ENVIRONMENT, AND INCENTIVES FROM THE GOVERNMENT OF TAMIL NADU TO ATTRACT INVESTMENT.
UKIBC’s Kevin McCole was joined by Dr Neeraj Mittal, Managing Director and CEO of Guidance Tamil Nadu and Oliver Ballhatchet, Deputy High Commissioner, British Deputy High Commission Chennai.
Kevin, in his opening remarks, said that businesses consistently tell the UKIBC that the three things which matter most when making investment decisions are: 1) size of the market; 2) investor friendly government; and 3) the strength of the sectoral ecosystem – supply chains, R+D institutions, presence of future skills, and top quality professional and legal services.
Dr Neeraj Mittal provided a fantastic overview of the State and the policies and incentives that businesses investing there can benefit from.
Tamil Nadu is India’s second largest state economy (USD 250 billion) and received more than one quarter of UK investment (over USD 2.2 billion) into India.
Tamil Nadu is ranked number one for good governance in India, for urbanisation, and has the most manufacturing factories. It also ranks highly for GDP and length of coastline with 5 major ports and 22 minor ports. In addition, it has 39 industrial clusters and specialised universities and R&D centres – with approximately 1 million college/university graduates each year, all fostering a conducive environment in the State.
And this is all growing; between April, May and June, Tamil Nadu topped the number of MoUs signed in India (around 18,000 crores).
UK companies employ 50,000 people in the state in areas such as healthcare, tech, textiles, and increasingly renewable energy. As one of the many UK success stories in the State, Deputy High Commissioner Oliver Ballhatchet shared the example of Equiniti which set up in Tamil Nadu in 2014 with 100 employees, and now has more than 1200 employees.
The State has strengths in a number of key sectors:
- Automobile and auto-component: Tamil Nadu has 35% of India’s auto component production and 45% of India’s motor vehicles exports. Multiple R&D centres and strong backward linkages with metal industries, warehousing, logistics, capital equipment and service parts.
- Electronics and Hardware: The State ranks 2nd in India in computer, electronics and optical products manufacturing, and 3rd in terms of electronic exports.
- General manufacturing: It has the largest number of factories in India (over 37,000), employing around 250,000 people.
- Chemicals and petrochemicals: Ranks 3rd in India. State Government taking steps to also add further capacity in pharma.
- Textiles and Garmenting: Largest hub in India, contributing to 20% of India’s exports of ready–made garments. Around 50% of textile mills in India and garmenting units. Employs around 35% of the workforce in the State.
- Renewable energy and electric vehicles manufacturing: Tamil Nadu is among 9 global renewable energy destinations, poised to be the hub for the renewable energy manufacturing sector in India. Over 14GW renewable energy installed, provided by wind and solar, and the State exports more than 1000 wind blades to the US.
Guidance, Tamil Nadu also offers policy and regulatory support for businesses setting up in the State. Support for businesses includes: a gain from capital subsidies, stamp duty and electricity tax exemptions; land allotment concessions; and further incentives such as payroll and training subsidies.
The State Government is proactive – the first in India to come up with government initiatives in response to COVID-19 to support business. To combat the economic slowdown that COVID-19 has brought, the state has enacted multiple schemes, committees, and simplified procedures to help businesses, including a COVID Relief and Upliftment Scheme (CORUS) Scheme for MSME by TIIC; High-level committee to examine COVID – 19 fiscal challenges; and subsidies.
Guidance serves as a single point of contact for investors and Dr Neeraj welcomes any companies interested in entering the state to get in touch. In addition, BDHC Chennai is on hand to support UK businesses interested in the state. The UKIBC is happy to facilitate such interactions.
Webinar: Introduction to Access India Programme for SMEs interested in India
ON 17TH JUNE, THE UKIBC TOGETHER WITH ADS GROUP AND THE HIGH COMMISSION OF INDIA (HCI) IN LONDON, HOSTED A WEBINAR FOR SMES IN THE ADVANCED MANUFACTURING SECTOR INTERESTED IN THE INDIA MARKET.
We were joined by Minister (Economic), Manish Singh, from the High Commission. He and his colleague Rohit Vadhwana, First Secretary (Economic), provided a detailed overview of the Indian economy and opportunities for foreign investment. The UK and India have complementarities in many areas, with a shared history of democracy, language, and judiciary. Looking forward, technological collaboration will be crucial for both countries’ development, particularly to come together to solve global problems exemplified by the onset of COVID-19, including the development of a vaccine.
There was a key focus on the Indian Government to reduce red tape and encourage foreign businesses, across sectors, to invest in the country. This is borne out of India’s improvement in the World Bank’s Ease of Doing Business index from 130th in 2014 to 63rd in 2019, exemplifying the conscious effort of the Indian Government to help international businesses in India. Their ambition is to move higher up in the ranking and break into the top 20.
Programme Manager, Prasenjit Dhar of UKIBC, set out the benefits of the Access India Programme (AIP), its objectives, and background. The programme provides support for UK SMEs looking to enter the Indian market in the advanced manufacturing sector – specifically in the Aerospace and Defence Sector. In the second phase of the programme, launched earlier this year, the defence and security sub-sectors will be a key focus, based on the Indian Government’s priorities and the UK’s technological capabilities in this area.
The Access India Programme is of benefit for both countries – a win-win. We know that 99 percent of the UK’s businesses in the private sector are SMEs, yet less than 20 percent of those currently export. These companies have innovative products, ideas and technologies, and are a significant part of global supply chains. The AIP is designed to offer support for such UK companies to enter India, which might be vital for them to succeed in the current global scenario. Indian businesses are very keen to work with UK businesses to absorb good practices and co-create innovative products, not only for the domestic market but also for exports to third markets.
Benefits of the programme include:
- Access to government and private sector networks;
- Mentors and partners;
- Expertise on policy, tax, and regulatory and legal requirements
- Help understanding Central and State governments
- Review and advice for business plans – all to support entry into the Indian market.
India has placed a great focus of its approach to development in manufacturing, notably in the flagship Make in India programme, which the AIP supports. In particular, the Government of India is keen to focus on high-technology manufacturing and bring significant portions of global supply chains to the country whilst moving up value chains.
Speaking at the event, Brigadier Krishnan, Defence Adviser at HCI London, mentioned that foreign direct investment in the sector has recently been expanded under the automatic route from 49 to 74 percent. This is great news for international businesses who will now be able to hold controlling stakes in their ventures in India. He also touched upon the draft Defence Procurement Procedure 2020, which is looking at furthering private sector engagement (both domestic and international) in that sector in India.
The AIP is already helping several UK SMEs to enter the Indian market, and we were pleased to hear from one of the companies from the programme’s first cohort on the day. Mark Ness, Commercial Director of Incora (formerly Pattonair), spoke about the value and support they received from the programme which significantly contributed towards their full set up in India. Mark also highlighted that although India can be a complicated market in which to operate, the rewards of doing so are great.
Approximately 10 of the 50 SMEs that were selected in the first phase of AIP have successfully set up in India or are in the process of finalising entry.
To apply to be part of the second phase of the AIP, please visit https://www.accessindiauk.com/apply/.
For more information, please get in touch with us on: Prasenjit.Dhar@ukibc.com or AccessIndia@ukibc.com
India Day: India - A Global Business Opportunity
Confederation of Indian Industry (CII) in association with County Business Shows Ltd, Government of Tamil Nadu and High Commission of India in UK are pleased to invite you to join “India Day” on 3 October 2018 as part of The South Gloucestershire Business Show 2018 to be held at Bristol & Bath Science Park. Together, they are arranging a day of India-focused activities as part of the festival’s inaugural day.
‘India Day’ will take place on Wednesday 03rd October 2018 from 09:00 am – 14:00 pm.
At a growth rate of 7.5% Indian economy is among the fastest growing economies in the world. India is making great strides in its efforts to improve its ‘ease of doing business’ rankings, making India an even more attractive business partner to global economies than ever before. Delegates from various countries attend the South Gloucestershire Business Show which provides a platform to attract new international investors, suppliers, and partners.
Our morning session will look at ‘India – A Global Business Opportunity’. The seminar would be headlined by Mr M C Sampath, Hon’ble Industry Minister, Government of Tamil Nadu, India who will be talking about the upcoming Tamil Nadu Global Investors Meet 2019 which will take place on 23-24 January 2019.
There will be a special presentation by Mr Manish Singh, Minister (Economic) who will share the various opportunities available to UK businesses as a result of the recently launched ‘Access India Programme’ (AIP). This is a flagship initiative of the High Commission of India in London and has been formed to encourage and assist UK SMEs to access the Indian market.
This event provides a great opportunity to meet senior officials from the Indian government and to network with businesses and various organisations active in the UK-India corridor.
All attendees will receive a FREE pass to the 2018 South Gloucestershire Business Show once you have confirmed your attendance at the ‘India Day’.
When: Wednesday 3rd October 2018
Time: 09.00 – 14.00
Where: The South Gloucestershire Business Show 2018, Bristol & Bath Science Park, Dirac Crescent, Emersons Green, Bristol BS16 7FR
Access India Programme Briefing
We are pleased to invite you to an exclusive event covering the fantastic opportunities available to UK businesses as a result of the recently announced ‘Access India Programme,’ an initiative formed under the Government of India’s ‘Make in India’ initiative.
The ‘Access India Programme’ is a market entry support programme which aims to assist small and medium-sized companies in the UK in trade and collaboration in India. The programme is free at the point of entry. The UK India Business Council is pleased to support the High Commission of India in London as the official Knowledge Partner for this programme.
We look forward to welcoming you on the day.
When: Thursday 19th July 2018
Time: 10.45 – 12.45
Where: Lloyd Room, Farnborough Exhibition & Conference Centre, ETPS Road, Farnborough GU14 6FD
10:45: Arrivals and refreshments
11:00: Welcome by Paul, Everitt, CE, ADS Group Ltd
11:05: Overview of the Access India Programme by High Commission of India – London
11:30: Overview of UKIBC and India by Richard Heald, CEO, UKIBC
11:45: Interactive Q&A Session
11:55: Closing Remarks by Paul, Everitt, CE, ADS Group Ltd
12:00: Networking lunch session
12:45: Event comes to a close
To register your interest in attending this free event please email email@example.com
Access India Programme Workshop - Legal and Regulatory Framework in India and IP Protection
The Access India Programme launched a programme of workshops covering the various topics of interest for companies looking at the Indian market. In addition to providing information, these workshops are designed to be interactive and be a platform for the AIP companies to seek advice and guidance from the experts from Eversheds Sutherland and senior Indian law experts. Additionally, the workshops have been structured in a way to provide substantial opportunities to network with the expert presenters, senior officials from the High Commission of India, UK India Business Council and a wide range of partners who are involved with the Access India Programme.
To register please emails firstname.lastname@example.org by 25 July.
Date: 31 JUL 2018 @ 1130 – 1400
Location: EVERSHEDS SUTHERLAND, 1 WOOD STREET, LONDON, EC2V 7WS
Access India Programme Workshop - Tax
The Access India Programme launched a programme of workshops covering the various topics of interest for companies looking at the Indian market. In addition to providing information, these workshops are designed to be interactive and be a platform for the AIP companies to seek advice and guidance from the experts. Additionally, the workshops have been structured in a way to provide substantial opportunities to network with the expert presenters, senior officials from the High Commission of India, UK India Business Council and a wide range of partners who are involved with the Access India Programme.
Workshop 1: Doing Business in India
1100: Welcome and Introduction by Sunil Patel, Chair, India Business Group, PwC UK
1110: Opening by Richard Heald OBE, CEO, UK India Business Council
1120: Interactive Panel discussion on ‘Doing Business in India’
Mr Manish Singh, Minister (Economic), High Commission of India
Anish Patel, Lead India Business Group, PwC UK
Vaidison Krishnamurty, Lead UK Corridor, PwC India
1145: Group Sessions
1225: Closing remarks
1230: Networking Lunch
Workshop 2: Tax and Regulatory Regime in India
1330: Welcome and Introduction
1335: Presentation on tax and regulatory aspects by Raj Julleekeea, Tax Partner at PwC UK and PwC India
1440: Closing remarks
Date: 13 JUN 2018 @ 1030 – 1500
Location: PWC, 1 EMBANKMENT PLACE, LONDON, EC2N 6RH
More details: email@example.com
India - A Global Business Opportunity
The UK India Business Council, The Confederation of Indian Industry (CII) and the High Commission of India in London would like to formally invite you to join us at this year’s International Business Festival in Liverpool.
Together, we are arranging a day of India-focused activities as part of the festivals Manufacturing week.
‘India Day’ will take place on Wednesday 20th June 2018 from 1000 – 1800.
At a growth rate of 7.5% Indian economy is among the fastest growing economies of the world and is making great strides in its efforts to improve its ‘ease of doing business’ rankings making India an even more attractive business partner to global economies than ever before. Delegates from 100 different countries attend the International Business Festival and the Festival provides a platform to attract new international investors, suppliers and partners.
Our morning session will look at “India – A Global Business Opportunity”. The seminar would be headlined by a Senior Government Official from the Government of India, and followed by a Panel of Indian and Global Business Leaders, who would provide testimony to the improving ease of doing business in India and their overall experiences in the market, including the success stories as well as challenges.
After lunch, we will be focussing on the considerable opportunities available to UK businesses as a result of the recently launched “Access India Programme” (AIP). This is a flagship initiative of the High Commission of India in London and has been formed to encourage and assist UK SMEs to access the Indian market. This event provides a great opportunity to meet senior officials from the Indian government and network with businesses and various organisations active in the UK-India corridor.
All attendees will recieve a FREE pass to the International Business Festival, once you have registered for this event, you will automatically be assigned a complimentary ticket.
0930: Registration and Networking
1000: India – A Global Business Opportunitiy
- Welcome and opening remarks – CII
- Keynote Address by Senior Government of India Official
- Panel Discussion on Doing Business in India moderated by CII
- Interactive Q&A session
- Closing remarks by UKIBC
- Session ends
1300: Networking Lunch
1400: Access India Programme Seminar
- Welcome and opening remarks by HE Mr Dinesh Patnaik, Indian Deputy High Commissioner
- Access India Programme by Kevin McCole, COO, UK India Business Council
- Case Studies and Panel Discussion
- Interactive Q&A session
- Session ends
1600: International Business Festival
Access India Programme Business Breakfast
Small and medium sized enterprises (SMEs) from across Sheffield City Region are invited to this exclusive Access India Programme event. Find out more, hear from experts, and network over breakfast.
This event will cover the considerable opportunities available to UK businesses through the Access India Programme (AIP). The programme is a flagship initiative of the High Commission of India in London and has been formed to encourage and assist UK SMEs to access the Indian market.
The first of its kind for supporting UK businesses, the AIP seeks to identify high-potential UK SME companies and assists them in establishing themselves in India. For these companies, the programme will provide a detailed programme of activity, mentoring, networking opportunities and market entry support services – all without charge.
The High Commission of India in London is supported by UK India Business Council as the official Knowledge Partner for the programme.
Sheffield City Region is a strong supporter of the AIP and, as part of our commitment to developing trade and investment opportunities in India, we wish to extend the invite to our local SMEs to hear about the support that is available to successfully enter this incredible market of opportunity.
The event begins at 8:00am for a networking breakfast, with discussions beginning from 8.30am. Please register now to secure your place.
Supported by the European Regional Development Fund (ERDF)-funded Exporting for Growth Programme.
Date: 20 MAR 2018 @ 08:00 – 10:00
Location: MERCURE SHEFFIELD ST PAUL’S HOTEL AND SPA, 119 NORFOLK STREET, SHEFFIELD S1 2JE
Access India Programme Event - Staffordshire
We are pleased to announce an exclusive event covering the considerable opportunities available to UK businesses as a result of the recently launched ‘Access India Programme’ (AIP). This is a flagship initiative of the High Commission of India in London and has been formed to encourage and assist UK SMEs to access the Indian market. The event provides a great opportunity to meet senior officials from the Indian government and network with businesses and various organisations active in the UK-India corridor.
AIP is a market entry support programme which is free at the point of entry. It aims to assist, small and medium-sized UK companies in trade and technology / investment collaborations with India. The High Commission of India in London is supported by UK India Business Council as the official Knowledge Partner for this programme.
We encourage innovative companies across all sectors, but would particularly welcome UK-based organisations (across the supply chain / value chain) with offerings in the following areas:
• Innovative products and technologies in the manufacturing sectors (including automotive, aerospace, defence, security and advanced materials)
• Innovative energy companies across all subsectors
• Innovative digital, smart infrastructure, healthcare including technologies such as AI, IoT and Big Data.
• Food processing, logistics, smart textiles, etc are also key areas to be explored
This event is being organised in association with The Department for International Trade, Staffordshire Chambers and Perkins Engines.
We look forward to welcoming you on the day.
Date: 19 MAR 2018 @ 14:00 – 16:00
Location: PERKINS ENGINES, TIXALL ROAD, STAFFORD, ST16 3UB
Launch of the Access India Programme
On 27 September, 2017, the High Commission of India in the UK launched a dedicated and strategic programme, the Access India Programme (AIP), a market entry support programme for facilitating investments by UK businesses into India. This is a first of its kind, flagship programme focusing mainly on helping medium and small UK enterprises.
AIP aims to provide UK businesses chosen for the programme with the necessary market entry support including investor facilitation and hand-holding services, which are critical for market entry decisions and successful entry to the Indian market.
The High Commission of India has appointed the UK India Business Council as the knowledge partner to implement the programme.
HE Mr YK Sinha, High Commissioner of India to the UK, inaugurated the AIP programme
Ambassador Dinesh K. Patnaik, Deputy High Commissioner of India to the UK, shared an overview of the Access India Programme and detailed the benefits the programme will provide for UK businesses
An overview of the Make in India initiative was provided by Invest India
There was an interactive panel discussion hosted and moderated by Richard Heald, OBE, Group CEO, UK India Business Council. The key panellists included Ambassador Dinesh K. Patnaik, Deputy High Commissioner of India to the UK; Philip Bouverat, Director, JCB; Richard Cotterell, General Manager – Large Engines, Perkins Engines; and Rhydian Pountney, General Manager – RoW Sales Division, Renishaw Plc
There were 70 participants across various sectors who attended the programme.