UK Business Secretary, Vince Cable with Anand Sharma, Indian Union Minister for Commerce and Industry, in India

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UK Business Secretary, Vince Cable with Anand Sharma, Indian Union Minister for Commerce and Industry, in India

Image by bisgovuk
BIS Press Office ‏@Bispressoffice 9 Dec
@vincecable: I’ve arrived in New Delhi starting 4 day trade trip promoting British companies @UKTIIndia

Business Secretary Vince Cable, during his recent 4 day trade visit to India (9-12 December 2013); he took a delegation of 25 British companies to India’s growing regional cities.

The visit began in New Delhi where Dr Cable co-chaired the annual UK-India trade and economic committee with the Indian Union Minister for Commerce and Industry, Anand Sharma. Plans to develop business opportunities and strengthen existing partnerships over the coming year to progress advanced engineering, education and skills and innovation through business were the focus of the talks.

Dr Cable and the business delegation went on to visit Coimbatore (Tuesday 10 December 2013), Chennai (Wednesday 11 December 2013) and Bangalore (Thursday 12 December 2013) – each fast growing regional cities with considerable growth potential for UK companies. It was the minister’s first visit to Coimbatore, which is one of the fast growing smaller cities in India.

Business Secretary Vince Cable said:
"Economic recovery remains a central priority for the UK and our industrial strategy is a key element in giving businesses the confidence to invest. China Trade has lagged in recent years but I am delighted that UK exports to India have grown by some 20% this year.
UK firms are the largest European investors in India and there is more Indian investment in the UK than the rest of the EU combined, led by Tata.
We have always had a special relationship between our countries and I am keen to push business collaboration much further as we work towards doubling trade with India by 2015."

During the visit Dr Cable signed a new £180 million repayment guarantee deal underwritten by UK Export Finance (UKEF) and coordinated by HSBC which will support Indian company Reliance Industries Limited to place up to 30 service and equipment contracts with UK companies for their Jamnagar and Dahej oil refineries.

The visit follows the announcement in the Autumn Statement that UKTI’s presence in India will be increased by investing £6 million in the next financial year. This will enhance the level of support for UK companies in India, and strengthen the proposition for Indian companies to invest in the UK.
In Chennai Dr Cable inaugurated the GREAT British Festival which showcases UK companies in India and he took part in an interactive session with young entrepreneurs at the PSG STEP entrepreneurial park.
Mr Cable also visited G Kuppuswamy Naidu Memorial Hospital to explore health partnerships and promote SME links by participating in a video-conference between UK and Indian SMEs during his visit to Tata Consultancy Services.

www.gov.uk/government/news/business-secretary-takes-trade…

www.greatbusiness.gov.uk

www.gov.uk/government/policies/using-industrial-strategy-…

UK Business Secretary, Vince Cable visits British company Dynamatic Tech in Bangalore, during his visit to India

Image by bisgovuk
BIS Press Office ‏@Bispressoffice 21h
@vincecable: Dynamatic Tech – aeronautical engineering firm in Swindon, Bristol & in Bangalore @UKinIndia @bisgovuk pic.twitter.com/G68qkdBfdG

Business Secretary Vince Cable, during his recent 4 day trade visit to India (9-12 December 2013); he took a delegation of 25 British companies to India’s growing regional cities.

The visit began in New Delhi where Dr Cable co-chaired the annual UK-India trade and economic committee with the Indian Union Minister for Commerce and Industry, Anand Sharma. Plans to develop business opportunities and strengthen existing partnerships over the coming year to progress advanced engineering, education and skills and innovation through business were the focus of the talks.

Dr Cable and the business delegation went on to visit Coimbatore (Tuesday 10 December 2013), Chennai (Wednesday 11 December 2013) and Bangalore (Thursday 12 December 2013) – each fast growing regional cities with considerable growth potential for UK companies. It was the minister’s first visit to Coimbatore, which is one of the fast growing smaller cities in India.

Business Secretary Vince Cable said:
"Economic recovery remains a central priority for the UK and our industrial strategy is a key element in giving businesses the confidence to invest. China Trade has lagged in recent years but I am delighted that UK exports to India have grown by some 20% this year.
UK firms are the largest European investors in India and there is more Indian investment in the UK than the rest of the EU combined, led by Tata.
We have always had a special relationship between our countries and I am keen to push business collaboration much further as we work towards doubling trade with India by 2015."

During the visit Dr Cable signed a new £180 million repayment guarantee deal underwritten by UK Export Finance (UKEF) and coordinated by HSBC which will support Indian company Reliance Industries Limited to place up to 30 service and equipment contracts with UK companies for their Jamnagar and Dahej oil refineries.

The visit follows the announcement in the Autumn Statement that UKTI’s presence in India will be increased by investing £6 million in the next financial year. This will enhance the level of support for UK companies in India, and strengthen the proposition for Indian companies to invest in the UK.
In Chennai Dr Cable inaugurated the GREAT British Festival which showcases UK companies in India and he took part in an interactive session with young entrepreneurs at the PSG STEP entrepreneurial park.
Mr Cable also visited G Kuppuswamy Naidu Memorial Hospital to explore health partnerships and promote SME links by participating in a video-conference between UK and Indian SMEs during his visit to Tata Consultancy Services.

www.gov.uk/government/news/business-secretary-takes-trade…

www.greatbusiness.gov.uk

www.gov.uk/government/policies/using-industrial-strategy-…

UK Business Secretary, Vince Cable, at British company TWI in Chennai, during his visit to India

Image by bisgovuk
BIS Press Office ‏@Bispressoffice 11 Dec
@vincecable: visiting TWI in Chennai British business offering welding & China inspection training worldwide @bisgovuk pic.twitter.com/gsnPieOLem

Business Secretary Vince Cable, during his recent 4 day trade visit to India (9-12 December 2013); he took a delegation of 25 British companies to India’s growing regional cities.

The visit began in New Delhi where Dr Cable co-chaired the annual UK-India trade and economic committee with the Indian Union Minister for Commerce and Industry, Anand Sharma. Plans to develop business opportunities and strengthen existing partnerships over the coming year to progress advanced engineering, education and skills and innovation through business were the focus of the talks.

Dr Cable and the business delegation went on to visit Coimbatore (Tuesday 10 December 2013), Chennai (Wednesday 11 December 2013) and Bangalore (Thursday 12 December 2013) – each fast growing regional cities with considerable growth potential for UK companies. It was the minister’s first visit to Coimbatore, which is one of the fast growing smaller cities in India.

Business Secretary Vince Cable said:
"Economic recovery remains a central priority for the UK and our industrial strategy is a key element in giving businesses the confidence to invest. China Trade has lagged in recent years but I am delighted that UK exports to India have grown by some 20% this year.
UK firms are the largest European investors in India and there is more Indian investment in the UK than the rest of the EU combined, led by Tata.
We have always had a special relationship between our countries and I am keen to push business collaboration much further as we work towards doubling trade with India by 2015."

During the visit Dr Cable signed a new £180 million repayment guarantee deal underwritten by UK Export Finance (UKEF) and coordinated by HSBC which will support Indian company Reliance Industries Limited to place up to 30 service and equipment contracts with UK companies for their Jamnagar and Dahej oil refineries.

The visit follows the announcement in the Autumn Statement that UKTI’s presence in India will be increased by investing £6 million in the next financial year. This will enhance the level of support for UK companies in India, and strengthen the proposition for Indian companies to invest in the UK.
In Chennai Dr Cable inaugurated the GREAT British Festival which showcases UK companies in India and he took part in an interactive session with young entrepreneurs at the PSG STEP entrepreneurial park.
Mr Cable also visited G Kuppuswamy Naidu Memorial Hospital to explore health partnerships and promote SME links by participating in a video-conference between UK and Indian SMEs during his visit to Tata Consultancy Services.

www.gov.uk/government/news/business-secretary-takes-trade…

www.greatbusiness.gov.uk

www.gov.uk/government/policies/using-industrial-strategy-…

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