Welcome message from Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry
Firmly established on a high growth path, emerging India presents vast opportunities for global companies to tap into India’s rapid developmental journey.
The Doing Business Guide to India comes as a timely and informative handbook to assist UK businesses in exploring commercial opportunities and collaborative partnerships in India.
The Indian economy is expected to remain one of the best performing large economies in the world, with a GDP growth rate of over 7 per cent for the next decade and more. Buoyed by a young and expanding workforce, the growth story is further shaped by a proactive and progressive economic reform agenda. Recent policy initiatives with transformational impact include the Goods and Services Tax, lowering of corporate tax rates for smaller companies, opening up the space for FDI across sectors, and a new national policy for Intellectual Property Rights, among others.
In addition, the Indian Government has launched multiple sectoral initiatives designed to accelerate investments and drive growth. Make in India aims to energise the manufacturing sector and create new jobs, while Digital India and the Smart Cities programs reinforce India’s direction towards technology and urbanisation. The Ease of Doing Business endeavor is an intensive initiative to build a facilitative investment climate at the States.
Taken together, these programs create new platforms for investment and open up many new business avenues for domestic and foreign businesses. The Doing Business in India Guide captures these policy developments and investment opportunities and highlights specific sectors, where UK businesses can enter into productive and profitable partnerships.
The Confederation of Indian Industry (CII) is committed to supporting and guiding business engagement across India’s regions and sectors. With 66 offices across India, we facilitate and handhold investors in exploring new opportunities.
Working with the central government across ministries, CII presents industry perspectives on policy issues. With state governments, we have developed an intensive agenda of policy work and identify specific projects for investments.
In addition, we can help UK industry by providing a platform for engagement with Indian companies and exploring B2B potential in many industrial and services sectors via our strong range of networking events such as trade shows, seminars, and interactive sessions.
CII’s UK office in London commenced operations over 35 years ago and works closely with UK businesses, institutions, and academia to promote mutually beneficial economic partnerships. We also provide assistance to both Indian companies wishing to do business in the UK and UK businesses interested in India.
CII was privileged that Rt. Hon. Theresa May, Prime Minister of UK and Mr Narendra Modi, Hon’ble Prime Minister of India participated in the India-UK TECH Summit, organised in partnership with UK Government and the Indian Government, during her visit to India in November 2016.
We look forward to deepening and strengthening our economic engagement in the UK, and to assist UK companies in visiting, exploring and doing business with India and wish them all success.
Welcome to India!
Mr Chandrajit Banerjee
Director General, Confederation of Indian Industry
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