Sun, Apr 23, 2017 | updated 11:16 PM IST

UK International Trade Secretary visits India to strengthen bilateral trade, investment relations

Updated: Nov 08, 2016 15:54 IST      
UK International Trade Secretary visits India to strengthen bilateral trade, investment relations

New Delhi [India], Nov 8 (ANI): British Secretary of State for International Trade Rt. Hon. Liam Fox is visiting India from November 6th to 10th to take forward the India-UK collaboration across trade, business, skills and entrepreneurship.

He is participating at the India-UK TECH Summit, November seven to nine alongside British Prime Minister Theresa May, who is leading a business delegation of forty British companies on her first overseas visit to India.

There are also five other organized business delegations in the smart cities, agri-tech, advanced engineering, healthcare and life sciences sectors, which together take the total number to around 100 of the best and most advanced British companies.

"I am delighted to be back in India for the second time within three months. My visit shows the huge value I place upon the UK's close relationship with India. Our mutual investments build a trusting commercial relationship that benefits millions of our citizens," said Dr. Liam Fox, UK Secretary of State for International Trade.

"As Britain turns to face the world, our cherished relationship with India will become more important than ever before."

In New Delhi Dr. Fox co-chaired the 11th edition of the UK- India Joint Economic and Trade Committee (JETCO), along with Nirmala Sitharaman, India Minister for Commerce and Industry on November 7th.

The Ministers affirmed the on-going commitment to strengthen and deepen the bilateral trade, investment and economic engagement between the two nations.

The Ministers and senior industry leaders also participated in the plenary session wherein the Co-chairs of the existing two Joint Working Groups (namely Smart Cities, and Technology Advance Manufacturing & Engineering) presented an update on the progress made under respective JWG since the last JETCO.

Dr. Fox also participated in the CEO Forum- a business-to-business forum aimed at enhancing the UK-India commercial relationship. He made the opening address at the medi-cities roundtable at TECH Summit. He also joined the British Prime Minister at an Indian Investors Roundtable.

On Tuesday 8th November, he spoke alongside Indian Finance Minister, Arun Jaitley at the inaugural session of on the second day of TECH Summit. He will deliver opening remarks at the Opening of Session on 'The Connected City: Tech Solutions for India's smart cities, to demonstrate the UK's leadership in smart cities.

He will close a 'Hackathon' at the TECH Summit, which will be held to promote technology as a solution to issues of financial inclusion in India. He will also launch FinScope Consumer India (PSIG) 2015, a report showing growing financial inclusion survey in four Indian States.

Dr. Fox will also visit Pune, where he will inaugurate "Future Manufacturing and Innovation Workshop" with the objective to promote UK co-operation opportunities in the advanced engineering sector.

He will also meet with industry, business and important stakeholders based out of Pune. On Thursday 10th November he will participate in a session titled 'India and Europe after Brexit', to understand the implications of UK's exit from the EU on India.

India is the third largest investor in the UK; and the UK invests more in India than any other G20 economy. (ANI)

New Delhi [India], Apr. 23 (ANI-BusinessWireIndia): We welcome the PMO's intervention on the National Medical Device Policy (NMDP). We are thankful that the Government has acknowledged the importance of FDI (Foreign Direct Investment) in this sector and is now further consolidating the gains it has already made in this regard post bringing the FDI on automatic route. We are also hopeful that before the finalisation of the NMDP, MedTech associations like Medical Technology Association of India (MTaI) are also consulted.

Full Story >>

Jakarta [Indonesia]/Bangkok [Thailand]/Singapore City [Singapore], April 22 (ANI): Japan's Shimizu Corporation has a history of over 200 years in building safe and reliable infrastructure, protecting these structures against natural disasters, and promoting the concept of environmental sustainability.

Full Story >>

New Delhi [India], Apr 22 (ANI): eShopbox an end to end ecommerce service provider has now on-boarded with Affiliate fulfillment program of all three major ecommerce players like Amazon, Flipkart and Snapdeal.

Full Story >>

New Delhi [India], Apr 22 (ANI-NewsVoir): Mindmine Summit, one of India's most influential ideas exchange platforms organized by the Mindmine Institute, an independent think tank set up by Hero Enterprise concluded its 11th edition in the national capital today.

Full Story >>

New Delhi [India], Apr 22 (ANI): The Indian Exhibitions, Conferences and Events Services Association (IESA), an apex organisation working towards the development of the exhibitions, conferences and events services sector in India, in collaboration with key industry bodies, government organisations including Department of Commerce, Ministry of Commerce & Industry, Government of India, Confederation of Indian Industry (CII), and Services Export Promotion Council (SEPC), organised the second edition of the India Expo Summit 2017 at the India Expo Centre and Mart, in Greater Noida, Uttar Pradesh.

Full Story >>

New Delhi [India], Apr 22 (ANI): Hotelbeds Group, a global bedbank and business-to-business provider of services to the travel industry on Friday announced plans for GTA to join its Bedbank business unit.

Full Story >>

New Delhi [India], April 21 (ANI-Businesswire India): Next week the United Nations Global Compact will bring together over 300 leaders from business, finance, civil society, Government and the UN in New Delhi for its flagship regional event Making Global Goals Local Business - India. Taking place on 26 - 27 April at the Le Meridien Hotel, the forum will focus on advancing responsible business practices and catalyzing innovative business models to meet the Sustainable Development Goals (SDGs) in India and across the world.

Full Story >>

Mumbai [India], April 21 (ANI-Businesswire India): The EDPMS (Export Data Processing and Monitoring System) which has been introduced by the Reserve Bank of India (RBI) to monitor payments against export bills requires all banks to report in this system details of the export proceeds realization pertaining to the shipping bills filed after February 28, 2014.

Full Story >>

Service charge not mandatory now: Centre

Updated: Apr 21, 2017 17:44 IST

New Delhi [India], April 21 (ANI): Approving the guidelines on service charge, the Centre on Friday announced that service charge is completely voluntary and not mandatory.

Full Story >>

New Delhi [India], Apr 21 (ANI): The Central Board of Direct Taxes on Friday announced the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana (PMGKY) open for declarations up to March 31.

Full Story >>

New Delhi [India], Apr 21 (ANI): India's first unified technology based platform for startups IvyCamp has announced their partnership with leading corporates to offer the startups on its platform, complimentary and discounted packages for solutions that include technology credits, marketing, accounting, communication, and productivity solutions.

Full Story >>

New Delhi [India], Apr 21 (ANI-NewsVoir): Van Heusen, India's fashion forward power dressing brand from Aditya Birla Fashion and Retail Limited forayed into the Rs. 7000 crore men's Innerwear and Athleisure market in September 2016.

Full Story >>

New Delhi [India], Apr 21 (ANI-NewsVoir): NH Studioz, an initiative of Narendra Hirawat and Co. has successfully bagged the distribution rights of upcoming Bollywood movie Half Girlfriend.

Full Story >>

New Delhi [India], Apr 21 (ANI): India's leading integrated mobility conglomerate Formula Group has launched Formula2Ride, an in-demand self-drive car rental service platform.

Full Story >>

New Delhi [India], Apr 21 (ANI): A division of United Technologies Corp., Pratt & Whitney has announced today the certification of its customer training center in Hyderabad by the Directorate General of Civil Aviation, which is the Indian civil aviation regulator.

Full Story >>

New Delhi [India], Apr 21 (ANI-BusinessWireIndia): Before the digital era began, home loan processing was very unpredictable. However, with digitization, a whole new world of instant credit and instant loans was formed.

Full Story >>

New Delhi [India], Apr 21 (ANI): India's leading mobile balance management app True Balance in its report has revealed that the amount of data re-charged in India has now skyrocketed over 1GB.

Full Story >>

Payworld making rural India digitally equipped

Updated: Apr 21, 2017 11:55 IST

New Delhi [India], Apr 21 (ANI): Use of cash does not need education or customization. Currency enjoys the advantage of being universally recognized and accepted from time immemorial. It is an advantage that will always remain.

Full Story >>

New Delhi [India], Apr 21 (ANI): A report published by the Internet and Mobile Association of India (IAMAI) and Nielsen ranked Delhi number one regarding overall Internet readiness, overtaking last year's winner Maharashtra.

Full Story >>

New Delhi [India], Apr 21 (ANI): Warehousing giant Embassy Industrial Parks on Thursday announced the construction of a grade 'A' quality industrial and warehousing facility in its newly acquired property in Gurugram, Haryana.

Full Story >>