The first of its kind historic showcase of high-growth Indian companies in the UK was held at the Terrace Pavilion in UK Parliament on Thursday, 1st February 2018 providing parliamentarians a great opportunity to interact with several Indian business leaders and representatives from across the UK. The programme, hosted by Virendra Sharma MP, Chair of the Indo-British All Party Parliamentary Group was organised by the Confederation of Indian Industry (CII) supported by Grant Thornton and Manchester India Partnership (MIP). Highlights of key case studies from the CII-Grant Thornton “India Meets Britain” tracker and “India in the UK: India’s business footprint in the UK” report supported by the UK India Business Council (UKIBC) and were shared on the day.
Over 100 stakeholders including Indian companies, parliamentarians, government representatives and institutional partners participated in this unique event aiming to highlight the major success stories of UK-India economic cooperation. The programme was attended by key dignitaries including Baroness Fairhead CBE, Minister of State, UK Department for International Trade, Rt Hon Matt Hancock, Secretary of State for Culture, Sports & Media, HE YK Sinha, High Commissioner of India, David Landsman, Chair, CII India Business Forum and Executive Director, Tata Limited, Lord Jim O’Neill, Andrew Cowan, CEO, Manchester Airport Group and Chair, Manchester India Partnership along with nearly 30 MPs and Peers across party lines representing various constituencies and regions of UK.
Indian business showcase
A walkthrough exhibition of Indian companies such as Tata, Tech Mahindra, HCL Technologies, ICICI, Union Bank, Hero Cycles, Air India and Varana World represented the diversity of sectors where Indian companies operate including Technology, Manufacturing, Services, Banking & Financial Services, Tourism, Fashion and Luxury products.
David Landsman, Chair, CII India Business Forum and Executive Director, Tata Limited welcomed all the dignitaries and reflected on the increasing footprint of Indian companies across UK, “There’s probably never been more attention on the economic relationship between the UK and India, as India undertakes significant market reforms and the UK prepares to leave the EU. Its time therefore to put the spotlight on the huge contribution which Indian businesses make to the British economy. Today’s exhibition in Parliament showcases businesses in almost every sector, from banking to pharmaceuticals, from luxury cars to luxury hotels, from tea to IT, and of course the Indian food and restaurants which have become a full part of British culture. There are plenty of Indian businesses a stone’s throw from Parliament, but they can also be found right across the UK from Scotland to Southern England, from East Anglia to Wales and Northern Ireland. So we’re also proud today to be launching the Manchester-India partnership, one more step towards deepening the relationship across the country.”
A presentation highlighting key results of the Fourth edition of the Grant Thornton “India Meets Britain” tracker developed in collaboration with Confederation of Indian Industry (CII) was made by Anuj Chande, Partner and South Asia Head, Grant Thornton which was followed by a panel discussion moderated by David Landsman. The panellists included key company representatives covered in the report – Tara Naidu, Regional Manager – UK & Europe, Air India, Udayan Guha, Senior Vice President, HCL Technologies, Sudhir Dole, MD and CEO, ICICI Bank UK and Bhushan Patil, Senior Vice President – UK & Southern Europe, Tech Mahindra. Outlining the business footprint across the UK, each panellist highlighted the regional presence of their company across the country establishing the great opportunities for business outside of London area and the need for regional engagement.
Indo-British All Party Parliamentary Group
HE YK Sinha, High Commissioner of India emphasised the need for such interactions to highlight Indian success stories and generate more positive news about the increasing footprint of the Indian companies in the UK and the strengthening of UK-India relationship. He said, “ I am happy to note that the Confederation of Indian Industry (CII) and the Indo-British All Party Parliamentary Group are jointly promoting Indian businesses and companies in the UK. Indian companies have contributed immensely towards the growth of the UK economy, creating wealth and a large number of jobs. These companies contribute significantly to enhancing the economic and commercial engagement between India and the UK. I would like to convey my best wishes on the launch of the Manchester India Partnership and would be happy to extend support to this initiative.”
The Rt Hon Matthew Hancock, Secretary of State for Digital, Media, Culture and Sport also attended the programme and expressed his passion and commitment to strengthening collaboration in sport, digital and media fields between the two countries.
Congratulating the CII and MIP, Baroness Fairhead said, “I congratulate the Confederation of Indian Industry (CII) on organising this showcase of Indian companies in Westminster. Many Indian companies have great links with the UK and several who have set up base in the greater Manchester region – for instance, Tata Group companies, HCL Technologies, Hero Cycles and Accord healthcare – whose success stories demonstrate the potential and the power of a regional connection. It is a pleasure to launch the Manchester India Partnership today and I believe a platform like this can be very beneficial in bringing together regional stakeholders.” Baroness Fairhead will undertake her first official visit to India next week to address the Createch summit in Mumbai and this was her first interaction with Indian industry in the UK Parliament as Minister for International Trade.
Manchester India Partnership launched
Lord O’Neill while launching the MIP remarked “The Manchester India Partnership is an exciting initiative, which recognises the rising importance of international cities in forging strategic international partnerships. India is one of the world’s largest and fastest growing economies; it therefore makes eminent sense for Manchester to further develop its’ air connectivity, trade, science and cultural links with this emerging global power.”
About the Manchester-India Partnership
The Manchester-India Partnership is a public/private initiative aimed at building closer ties with India. The Partnership encompasses the full scope of country to city interaction: encompassing trade, investment, science and innovation, connectivity and culture. The Manchester-India Partnership leadership team will consist of senior representatives of Manchester’s business, university and public sector; the intent being a joined-up and strategic approach to one of the UK’s most important international partners.
Recognising the importance of this initiative, Manchester-India Partnership will have a permanent full-time team based in Manchester, Delhi and Bangalore. The Chair of the Manchester-India Partnership will be Andrew Cowan, CEO, Manchester Airport. Founding partners of Manchester-India Partnership are Manchester Airport Group, Deloitte, Growth Company, MIDAS and Greater Manchester Local Enterprise Partnership.
About Confederation of Indian Industry (CII)
The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of India, partnering industry, Government, and civil society, through advisory and consultative processes. CII is a non-government, not-for-profit, industry-led and industry-managed organization, playing a proactive role in India’s development process. Founded in 1895, India’s premier business association has over 8,500 members, from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 200,000 enterprises from around 265 national and regional sectoral industry bodies.
As a developmental institution working towards India’s overall growth with a special focus on India@75 in 2022, the CII theme for 2017-18, India@75: Inclusive. Ahead. Responsible emphasizes Industry’s role in partnering Government to accelerate India’s growth and development. The focus will be on key enablers such as job creation; skill development and training; affirmative action; women parity; new models of development; sustainability; corporate social responsibility, governance and transparency.
With 67 offices, including 9 Centres of Excellence, in India, and 11 overseas offices in Australia, Bahrain, China, Egypt, France, Germany, Iran, Singapore, South Africa, UK, and USA, as well as institutional partnerships with 355 counterpart organizations in 126 countries, CII serves as a reference point for Indian industry and the international business community.