Prime Minister Shri Narendra Singh Modi was on three days visit to UK from 12 Nov to 14 Nov. During the trip, Modi met UK PM David Cameron, lunched with the British Queen at Buckingham Palace and polished India’s attraction internationally.
Here is the overview of visit:
India, UK PMs attend CEO Forum
The first meeting of the reconstituted India-UK CEOs at 11 Downing Street was attended by PM Shri Narendra Modi and the British PM Mr. David Cameron.
- Forum was headed by Tata Group chairman Cyrus Mistry.
- Key issues discussed – Taxation, Foreign Direct Investment (FDI) and intellectual property rights.
NaMo inaugurated Ambedkar memorial & unveiled Basaveshwara statue
NaMo has unveiled a statue of 12th-century philosopher-statesman Basaveshwara on the south bank of the Thames and with Maharashtra CM Devendra Fadnavis inaugurated B R Ambedkar memorial in London and was announced that every year two Dalit students from India would study in any university based in London or Europe and arrangements would be made for their stay in the building.
- The house in north London was recently purchased by Maharashtra Govt for £3.2 million.
- The 2050 sq. ft. property on King Henry’s Road in London is a 3 storeyed structure where father of the Indian constitution lived while pursuing his studies (DSC) in London School of Economics in year 1921-22.
- Ambedkar died in 1956 aged 65 was posthumously conferred the Bharat Ratna in 1990.
27 deals worth 9.2 billion pounds ($14 billion) have been signed between India and UK during the NaMo’s three days visit to British country. Here is the list of key accords:
Electricity generation in Tamil Nadu
Britain’s OPG Power Ventures to add 4,200 MW capacities by investing $4.4-billion in Tamil Nadu
King’s College Hospital in Chandigarh
Pact has been signed b/w King’s College Hospital NHS Foundation Trust and Indo UK Healthcare
Madame Tussauds in Delhi
Merlin Entertainments plc has announced its wax attraction scheduled in early 2017 with £50 million investments in 10 years.
Support “Digital India” and “Make in India” campaigns
Vodafone to invest £1.3 billion (Rs 13,000 crore) to supports the GOIs campaign.
UK’s insurance industry accords with JVs in India to ↑ FDIs
Standard Life, Bupa and Aviva have committed to invest a combine total of £238 million of FDI in their Indian JVs.
Online business to business marketplace
Contract has been signed b/w E-commerce cloud platform provider “cloudBuy” and Confederation of Indian Industry (CII).
Holland & Barrett outlets in India
Holland & Barrett International has partnered with Apollo Hospitals in a deal worth £20 million. The first store will open in New Delhi in January 2016.
“Disruptive” IT technology to ambulances
Advatech Health Care will invest £5 million in the UK n will introduce the same.
Collaborations on bond and equity issuance
MoU has been signed b/w London Stock Exchange Group and Yes Bank with a focus on Green Infrastructure Finance.
Rupee denominated bonds
HDFC will issue rupee denominated bonds overseas up to $750 million under the RBI guidelines and will list the initial issue of bonds for trading on the London Stock Exchange.
Bharti Airtel intends issuing its maiden sterling bond of up to £500 million to be listed on the London Stock Exchange
“FTSE-SBI India Bonds Indices”
State Bank of India and London Stock Exchange will collaborate to create the same.
World’s first India fixed income ETF
Zyfin and Sun Global will be listing the world’s first India fixed income ETF on LSE.
SBI UK new branches
SBI UK will open two branches in Hounslow and Ilford and expand of its Manchester and Leicester branches.
Wipro has increased its investment in the UK with the opening of its newest office for Wipro Digital.
TCS will train British graduates
TCS in collaboration with British Council will provide opportunities for 1,000 graduate interns from British universities to train and work in India over next years.
“Skills for Life” initiative in India
HSBC has announced the launch above initiative in India, a programme to skill 75,000 disadvantaged young people and women over 5 years.
Dairy genetics & state-of-the-art facility in Pune
Genus ABS will provide dairy genetics constructing a state-of-the-art facility by investing £1 mn.
3 GW of solar power infrastructure
Solar PV generator Lightsource will have announced a £2 billion investment in India to design, install and manage solar power infrastructure over next 5 years.
Investment in South India to promote “Make in India”
Kloudpad Mobility Research Ltd will invest £100 million for generation of smart watches, wearables and tablets, creating 2,500 skilled jobs in India.
UK and India has also joined hands to support India’s ambitious urban development goals in Indore, Pune and Amaravati and also launched a new Thames-Ganga partnership for healthy river systems.
UK Capital – London
UK Currency – Pound sterling