High-powered CEO delegation to visit UK on July 8-10

NEW DELHI: A high-level CEO delegation will visit the UK on July 8-10, looking to strengthen collaboration with various stakeholders and enhance the overall bilateral economic relationship.

"The visit comes at an opportune time with the recent re-election of Prime Minister Cameron in the UK and ahead of Prime Minister Narendra Modi's anticipated visit to the country later this year," industry body CII stated.

The UK continues to be the most popular business destination in Europe for Indian companies. In fact, India has emerged as the third-largest investor in the UK economy, with more Indian FDI being pumped into the UK than the rest of Europe combined.

"There is a huge potential for UK-India cooperation in engineering and manufacturing sectors under the Make in India initiative. With new policies in India, particularly aimed at improving the ease of doing business in the country, there is significant opportunity to enhance foreign institutional investment into India," CII said.

The delegation, led by CII President Sumit Mazumder, will participate in the annual conference organised by CII and the Confederation of British Industry (CBI) titled 'The Future of India-UK Economic Relations'.

Besides, a Make in India business roundtable will be hosted by the High Commission of India and the UK India Business Council.

In addition, a discussion with institutional investors is being held with the London Stock Exchange and SBICAP. A bi-partisan, bi-cameral UK-India Roundtable with several members of the UK Parliament is being planned at Westminster.

Members of the delegation include S K Munjal, Chairman, Hero Corporate Service, Rajive Kaul, Chairman, Nicco Corporation, Dhruv M Sawhney, CMD, Triveni Turbine, Shekhar Datta, Director, Wockhardt, and Dr Rajiv Modi, CMD, Cadila Pharmaceuticals, among others.