British Minister Alok Sharma will lead the 28-member British business delegation to Global Investment Summit at Indore in Madhya Pradesh…reports Anasudhin Azeez from Indore
Foreign and Commonwealth Office Minister Alok Sharma will lead the British business delegation to the Global Investors Summit at Indore in Madhya Pradesh, India.
Mr Sharma will join representatives of 28 UK businesses which begins on Saturday (22 October 2016). Chief Minister Shivraj Singh Chauhan was in London to invite business leaders to Indore. The GIS 2016 is a global platform for interaction with Indian industry leaders, policy makers, investors and businesses.
The visit follows shortly after the announcement that Prime Minister Theresa May will lead a trade mission to India next month during her first major bilateral visit since taking office.
“Madhya Pradesh is one of the fastest growing states in India and a great example of how the UK and India are working together for both of our benefit,” said Mr Sharma. “The UK has been a long-term supporter of the state, through aid and other partnerships, and it now has a vibrant economy. The Global Investors Summit will allow us to build and strengthen business links in thriving areas like tourism, urban development and a dynamic manufacturing and industrial sector.”
Mr Sharma will make the opening speech at the summit and will also meet Mr Chouhan. The UK is a country partner for the summit, which takes place every two years to showcase the industrial strengths of the state.
The UK’s Department for International Development (DfID) began making major investments in Madhya Pradesh in 1999 which have improved governance, health and nutrition, rural livelihoods, urban reforms, financial services and civil society support.
The UK now has a partnership with the state providing technical assistance on issues including on Smart Cities and urban development. Indore is being developed as a role model Smart City, using the latest technology to maximise liveability for residents and effectiveness for businesses. The evolving relationship between the UK and the state reflects long-term reforms in India and the important role of both our countries on the world stage.
Prime Minister Theresa May will lead a trade mission of small and medium sized business from all regions of the UK when she visits India next month. During her visit she will join Indian Prime Minister Narendra Modi to inaugurate the first India-UK TECH Summit, a showcase for partnership in technological industries.
The UK is partnering the Confederation of Indian Industries (CII) for this year’s India-UK TECH Summit being held in Delhi in November 2016. The Summit will demonstrate the depth of India-UK partnerships in business, innovation, research, education and entrepreneurship, with the biggest showcase of British expertise and commitment to strengthening relationships in every sphere. It will also host a major delegation from the UK, highlighting the UK’s capabilities across important sectors like smart cities, healthcare, advanced manufacturing, agri-tech, education and skills.
The Summit will host a major exhibition of UK-India technological collaboration and a Hackathon organised by Barclays Rise, where young Indian students, entrepreneurs and tech-professionals will participate in a competition to find a solution to a specially-posed technical problem.