FICCI's CEO Del­e­ga­tion to UK

FICCI Business Digest - - News -

Pankaj R Pa­tel, Pres­i­dent, FICCI and CMD, Zy­dus Cadila Health­care, led a CEOs del­e­ga­tion to the UK from Fe­bru­ary 26-28, 2017 ac­com­pa­ny­ing Arun Jait­ley, Min­is­ter of Fi­nance and Cor­po­rate Af­fairs, Gov­ern­ment of India to the UK.

One of the main highlights of the visit was the launch of UK-India Year of Cul­ture 2017 at Buckingham Palace on Fe­bru­ary 27, 2017. As part of this spe­cial en­deav­our, a year-long se­ries of var­i­ous cul­tural en­gage­ments be­tween the two coun­tries are be­ing planned; truly in­di­cat­ing the im­por­tance at­tached by India and the UK to re­de­fine not only its eco­nomic ties, but the long stand­ing cul­tural ties too.

On the eve of this sig­nif­i­cant oc­ca­sion, FICCI in part­ner­ship with the In­dian High Com­mis­sion in the UK and Bri­tish Coun­cil or­gan­ised a cul­tural Net­work­ing Re­cep­tion and a Panel Dis­cus­sion, which was at­tended by the key rep­re­sen­ta­tives from UK's busi­ness, art, cul­ture and hos­pi­tal­ity sec­tors.

Fur­ther, to pur­sue the busi­ness agenda, this high pro­file visit was utilised to or­gan­ise var­i­ous busi­ness fo­cused in­ter­ac­tions in­clud­ing a larger busi­ness ses­sion 'In con­ver­sa­tion with Mr Arun Jait­ley' as well as a close door in­ter­ac­tion with the select lead­ing CEOs from UK – both held in part­ner­ship with Con­fed­er­a­tion of Bri­tish In­dus­try and UK India Busi­ness Coun­cil.

Speak­ing at the busi­ness ses­sion, the FM said, “When the world is turn­ing in­creas­ingly pro­tec­tion­ist, India is open­ing up” and added that “India has the po­ten­tial for a growth rate higher than what we are achiev­ing to­day”. He also in­di­cated that the dis­cus­sions with his coun­ter­parts in Bri­tain have con­vinced him that Brexit can­not be “con­fused with any pro­tec­tion­ist idea”. “There is

a keen­ness to ex­pand trade with India.”

While speak­ing at these fo­rums, FICCI Pres­i­dent men­tioned that the foun­da­tion has been laid with a se­ries of eco­nomic re­forms and pol­icy ini­tia­tives by the gov­ern­ment such as 'Make in India', 'Smart Ci­ties', 'Dig­i­tal India', 'Start-up India' and 'Skill India'. There is no dearth of op­por­tu­ni­ties in India for in­vestors, both do­mes­tic and for­eign. He also added that while there are un­cer­tain­ties in the cur­rent global en­vi­ron­ment, India and UK to­gether can con­vert these many un­tapped op­por­tu­ni­ties and fruit­fully en­gage with each other for mu­tual so­cio-eco­nomic ben­e­fits.

The FM and vis­it­ing del­e­ga­tion also at­tended the open­ing of the Lon­don Stock Ex­change Mar­ket fol­lowed by the FM's round­table dis­cus­sion with prospec­tive is­suers and lead­ing in­vestors and fintech lead­ers to dis­cuss Lon­don's role as a part­ner to India, sup­port­ing the coun­try to de­velop its FinTech ecosys­tem and de­liver key In­dian pri­or­i­ties like in­fra­struc­ture de­vel­op­ment, sus­tain­able en­ergy in­vest­ment and the growth of smart ci­ties.

On the side lines of the visit, FICCI busi­ness del­e­ga­tion had the op­por­tu­nity to meet/call-on Boris John­son, Sec­re­tary of State for For­eign Af­fairs; Liam Fox, Sec­re­tary of State for In­ter­na­tional Trade, UK and Priti Pa­tel, Sec­re­tary of State for In­ter­na­tional De­vel­op­ment, where dis­cus­sions about India-UK re­la­tions as well as FICCI's role as a cat­a­lyst to­wards fur­ther en­hanc­ing In­doUK busi­ness link­ages through fo­cused flag­ship en­gage­ments were dis­cussed.

FICCI-UKIBC-CBI in con­ver­sa­tion with Arun Jait­ley.

India-UK CEOs Round Ta­ble at Con­fed­er­a­tion of Bri­tish In­dus­try, Lon­don, dur­ing FM's visit to UK.

Mar­ket open­ing at Lon­don Stock Ex­change fol­lowed by round­table.

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