On her recent visit to India the UK Minister for Justice, Ms Bridget Prentice M.P. said she looked to take forward the Indo-UK trade and business agenda and talk how British legal firms can help Indian companies to grow their businesses internationally. The British law firms can give advise, support and international services that Indian companies are looking for. Ms Prentice said that British expertise could help Indian companies expand via various modes such as mergers and acquisitions, increased exports, joint ventures, establishing operations in the UK and raising capital overseas.
Showing posts with label UK. Show all posts
Showing posts with label UK. Show all posts
Thursday, May 8, 2008
Saturday, February 16, 2008
India Should Increase FDI Limit In Defence: UK
NEW DELHI: Britain on Friday suggested that India should raise its Foreign Direct Investment (FDI) limit in defence sector up to 49 per cent.
The suggestion came from Creon Butler, Deputy British High Commissioner who was speaking at a seminar organised by a industry body CII.
At present, New Delhi allows only 26 per cent FDI in the defence sector. Echoing such demands from the European industry, the British diplomat said in the years to come the defence sector in India is expected to see significant jump.
India plans to make its defence offset policy open, transparent and less rigid and ensure bigger participation of private players in defence equipment business.
Defence Production Secretary Pradeep Kumar said, "This symposium will provide the UK a platform to understand our Foreign Direct Investment (FDI) policy in the defence sector."
India has gradually liberalised its defence trade by allowing 100 per cent private investment by domestic companies and increasing the number of licences granted to private players. Our defence equipment companies are competitive and global biggies are outsourcing their work to Indian firms," said Kumar.
Kumar expressed confidence that this symposium will provide us an opportunity to understand the eastern and the western perspectives on defence, explore joint ventures and further strengthen India-UK ties.
The suggestion came from Creon Butler, Deputy British High Commissioner who was speaking at a seminar organised by a industry body CII.
At present, New Delhi allows only 26 per cent FDI in the defence sector. Echoing such demands from the European industry, the British diplomat said in the years to come the defence sector in India is expected to see significant jump.
India plans to make its defence offset policy open, transparent and less rigid and ensure bigger participation of private players in defence equipment business.
Defence Production Secretary Pradeep Kumar said, "This symposium will provide the UK a platform to understand our Foreign Direct Investment (FDI) policy in the defence sector."
India has gradually liberalised its defence trade by allowing 100 per cent private investment by domestic companies and increasing the number of licences granted to private players. Our defence equipment companies are competitive and global biggies are outsourcing their work to Indian firms," said Kumar.
Kumar expressed confidence that this symposium will provide us an opportunity to understand the eastern and the western perspectives on defence, explore joint ventures and further strengthen India-UK ties.
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