“The first India-UK Investment Summit is truly a landmark opportunity for government and business working side by side to take the business relationship between our two countries to the next level.
Karan BilamoriaChairman
Indo British Partnership (IBPN)
Investment Summit publication
Read about bilateral business opportunities between India and the UK in Global Partners, Shared Vision (PDF 4.0MB), which contains a foreword from Prime Minister, Tony Blair.
By Anna Rooke, OurWorld Editor
Top-level government figures and business organisations have attended a conference aimed at further developing the UK and India’s trade and investment links.
The UK-India Investment Summit, held in London, was addressed by prime ministers Tony Blair and Manmohan Singh.
A number of announcements about business investments between the two countries were made at the event, which was organised by UK Trade & Investment.
Nanotechnology expert establishes UK business
Indian investment in the UK
- India has gone from Britain's eighth-largest investor in 2004/5 to its third largest in 2005/6
- Last year saw a 110% rise in the number of inward investment projects to the UK from India
- Over 500 Indian companies now have a presence in the UK
Source: UK Inward Investment Report 2005/06
Dr Arup Chatterjee, one of India's leading scientists and a global authority on nanometals, is to set up the global headquarters of his start-up company, I-Can Nano Ltd, in London.
This was one of the announcements welcomed by Alistair Darling, Secretary of State for Trade and Industry, and Indian Commerce Minister Kamal Nath at the Summit.
I-Can Nano has the processes and technology to produce nano-metals with a wide range of applications, including paint with hygiene-maintaining nano-silver for use in buildings such as hospitals.
Building on a successful relationship
The UK saw a 110% increase in Indian investment projects last year and there are now over 500 Indian companies established in the UK.
“There is clear evidence of a successful investment relationship but we need to do more,” Andrew Cahn, UK Trade & Investment’s Chief Executive, said at the Summit.
“This conference will make a difference because it has backing from the highest levels of business and Government including the two respective Prime Ministers.”
Chairman of the Indo British Partnership (IBPN) Karan Bilamoria described the Summit as “truly a landmark opportunity for government and business working side by side to take the business relationship between our two countries to the next level.”
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