UK-India partnership gains strength

Sir Richard Stagg, British High Commissioner to India said: “This is an exciting time to be doing business in India, the second fastest growing economy in the world. Business links between the UK and India are booming. The first half of 2008 has witnessed some big investments from the UK into India. And the UK has been the country of choice for overseas investments by Indian companies this year - accounting for $ 6 billion worth of deals. The opening of the CBI, UKIBC and the British Business Group (BBG) offices in Delhi will help to further enhance two-way trade and investment between our two countries.”

Andrew Cahn, Chief Executive, UK Trade & Investment, the UK Government's international business development agency, added:

Business links between the UK and India are booming. […] the UK has been the country of choice for overseas investments by Indian companies this year

Sir Richard Stagg

British High Commissioner to India

“UK and India have a flourishing commercial relationship and to support this my organisation, UKTI, has increased its resources in the last year to 90 staff in 9 offices across India. The opening of the UKIBC office today and the commitment of the UKTI, CBI and UKIBC partnership sends a powerful signal that the UK business community sees India as a priority trading partner.

“India is an economy on the move and our joint presence here today demonstrates our determination that the UK will be its partner of choice on this journey.”

Lord Bilimoria CBE, DL, Chairman UKIBC said:

“It is our job to promote trade and investment between the UK and India in both directions. The advisory board of the UKIBC that was put together a year ago is undoubtedly one of the most influential in the UK. There are huge challenges, but huge opportunities in India and companies are constantly converting threats and risks into success. We are pleased to open our Indian office in Delhi which will contribute towards increasing UK India trade and investment.

The Confederation of British Industry (CBI) also plans to open an office in the same location in the near future.