From steel, energy and healthcare to food packaging, Indian firms make a mark across the UK and Europe.
The Indian Prime Minister was on a packed tour of Germany, Spain, Russia and France in May/June and has returned with a slew of agreements and promising pacts for the future.
When Prime Minister Narendra Modi arrived in Berlin at the start of his European tour, the term used to describe the visit was the opening of a “new chapter” in the bilateral relations between India and Germany.
The PM set off for his meeting with German Chancellor Angela Merkel at her country retreat of Schloss Meseberg soon after landing. Both leaders discussed issues of mutual interest in an informal setting over dinner at the 18th century palace, 50 miles north-west of Berlin.
The love for foreign education among upwardly mobile Indians is not new, but with the economy prospering and domestic education not keeping pace with aspirations, it has turned into a near obsession.
Every year, more than 250,000 students venture out of India in search of better education in universities in the US, Europe, South East Asia and Australia. These numbers makes India the country with the highest student mobility in tertiary education after China. It should not necessarily come as a surprise. China and India are by far, the two most populous countries in the world. So the high numbers — over 800,000 Chinese students too try their luck in education outside their country every year — is a factor of demography.
Britain’s minister in charge of international trade makes the case for an open global trading order with the Commonwealth as its cornerstone.
I hosted the inaugural Commonwealth Trade Ministers’ Meeting, an event that brought together politicians, officials and policymakers from over twenty Commonwealth nations.
It is a testament to the strength of the Commonwealth that so many of its countries were represented at this landmark meeting, during which we discussed the opportunities for trade, investment, and enhanced friendship that lie ahead.
David Landsman is the Executive Director of Tata Limited and recently took charge as the Chair of the Confederation of Indian Industry (CII) India Business Forum (IBF) in the UK. He took time out for ‘India Global Business’ to talk about this new role, his wider perspective on post-Brexit India-UK ties and the need to address a decline in India’s exports to Britain.
What does the post-Brexit era hold for Indian companies looking at UK/Europe for expansion?
Over the past few years, more and more Indian companies have been expanding their activities in the UK and across Europe as part of their globalisation strategies. There is no doubt that there will continue to be important opportunities for Indian business, both in the UK and the rest of Europe. It is early days for Brexit and much remains to be clarified.
The Tata Group is India’s most successful global firm but its geographical spread may not always be a good thing.
The Tata Group is a much respected, admired and valued conglomerate in India and one that is also highly successful. Very often the two do not go hand in hand. It is also perceived as a very ethical corporate group, having played a significant role in nation building since its inception in 1868 – creating country’s first steel plant, power station, luxury hotel, domestic airline and information and technology company.
The year that began with lots of hope is drawing to a close on a note of concern and some cautious optimism. In between, there was shock, some not so pleasant surprises and renewed promise of a better future. It’s always a huge risk to pre-judge history but I think I’ll still go out on a limb and declare that when the definitive history of globalisation is written, 2016 will stand out as the year in which the idea of the flat world, the global village and the credo of freer and fairer markets and open borders (for trade in goods at least) suffered several body blows.
Amit Bajaj is Chief Executive – Europe for Tata Consultancy Services, one of India’s leading software services firms. In this ‘India Global Business’ exclusive, he traces the Mumbai-headquartered IT giant’s 40-year footprint across Europe, what the region has to offer the Indian IT sector and the inevitable impact of Brexit.
A Mumbai-headquartered manufacturer shares its reasons behind choosing Flanders as a European base.
The JBF Group specialises in polyester and related products with end-use applications in textiles and packaging. The group’s activities in India are focused on polyester yarns & resin businesses and it recently announced its first foray into the petrochemical business with the setting up of a greenfield Pure Terephthalic Acid manufacturing plant in Mangalore.