News Broadcasting
India Inc explores investment opportunities in the UK
MUMBAI: CNBC-TV18 and UK Trade & Investment, in Mumbai last week, arranged a first-of-its-kind discussion on the investment opportunities in the United Kingdom.
Eminent luminaries from the diplomatic and corporate spheres like Sir Michael Arthur- the British High Commissioner in India, Tata Consultancy Services Ltd CEO and MD S Ramadorai, Wockhardt Ltd chairman Habil Khorakiwala, BSR & Co. partner and head of tax and regulatory practice Sudhir Kapadia and Picton Howell Solicitors, UK solicitor Dina Dattani discussed the opportunities awaiting Indian companies in the UK.
The discussion on ‘Go Global? Think UK’ presented the benefits of investing in the UK. The UK presents prospective investors with one of the lowest tax rates in Europe, deregulated economy and world class research and development facilities.
Speaking at the forum, Ramadorai said, “A company needs to be fundamentally strong if it needs to establish itself in another country. In UK, ease of business is possible, rules of the games are clearer. The opportunities in UK are phenomenal, UK welcomes any kind of competition. For a company to acquire another in UK, what is most important is that the two companies need to be synergistic, with the aim of providing value to the customer in the end!”
Commenting on the initiative with UK Trade & Investment, CNBC-TV18 spokesperson said, “India Inc is growing by leaps and bounds and is constantly on the look out for fresher investment avenues. CNBC-TV18 in association with the UK Trade & Investment endeavors to assist the growing Indian Economy to encash the opportunities offered to both entrepreneurs and established companies in the United Kingdom through this free flowing forum.”
