#Putting it in context, #UK Edition - March 2018

Businesses, the diaspora and policy powerhouses will all need to work in tandem to build lasting UK-India ties, writes India Inc. Founder & CEO Manoj Ladwa.

This year, there is an important chance to reassess the strength of India’s bond with the UK and show the world that India is a bridge-building nation.

It is just over a year until the UK reaches its Article 50 deadline and leaves the European Union (EU). UK economic growth is beating all forecasts and UK manufacturing has never had a higher output than it did at the tail end of 2017. This will come as a relief to policy-makers, as Brexit’s biggest mountains are still to be tackled.

When UK Foreign Secretary Boris Johnson delivered the first of a number of Brexit speeches from senior Cabinet figures last month, he put forward his vision of Brexit liberating the UK to create its own trade rules and expand into new markets where the EU has previously “held it back”.

Boris’ ‘Liberal Brexit’ outline may not have raised the stakes since Theresa May’s Lancaster House speech in January 2017, where the British Prime Minister asserted the need to honour the referendum result by making a clear break from the EU, the Customs Union and the Single Market. But he has put pressure on the Prime Minister to make her position clearer, for the benefit of all of those around the world with business interests in the UK, who want to keep up to speed on the negotiations.

Averting a cliff-edge

The EU27 nations are, as a bloc, headed to be one of the top four major economies, joining China, the US and India, in a decade’s time. India’s ties with Europe are strong and will grow even more valuable. How will the UK figure in all of this?

The EU27 are concerned that the UK could aim to undercut the EU by drastically shedding environmental, labour, and trading regulations in order to trade more with other nations.

However, the likelihood is that there will be some regulatory alignment on goods. This will go some way to alleviating the problem of a hard land border at Northern Ireland, and will reduce the threat of trade tariffs being levied and non-tariff barriers being imposed at vital trade ports.

Whether the UK strikes such a deal or not, the uplift of global growth will provide the UK with a cushion on which to land as it steps off the Brexit cliff. And Brexit will allow the UK to set its own tariffs on trade in services, the area where the EU-India free trade agreement (FTA) failed. There is a long way to go before all barriers to UK-India free trade are overcome and we need to determine the parameters soon.

Those who trade and invest in the UK will need reassurance that the UK will remain open and welcoming to the labour force and talent that it needs. A rapid reversal of EU migration to the UK would bring a cloud over a number of fast-growing sectors. New entrants are needed in the tech sector, manufacturing and engineering, and across the board in cities like London.

Mobility of professionals

The UK still has a tiered visa system and the number of applicants still hits the cap, month after month, showing there is no shortage of applicants for skilled work. Nasscom estimates that there are about 30,000 Indians working under the Tier 2 visa regime – in every sector from technology to food – but there is clearly scope to increase the freedom of movement between the UK and India after Brexit.

What is clear is that such initiatives to create closer ties between the UK and India are just as important as the Brexit negotiations, which will reach a crunch point this Summer. The two discussions need to happen in parallel.

UK-India Week

The fifth annual UK-India Leadership Conclave will take place during UK-India Week this year, a showcase of all that we stand to gain by making the best of the UK-India partnership.

After Brexit, the UK will have a new place on the world stage, but its old partners will be even more important. We will have a vital chance to radically renew the UK-India bond, but businesses, the diaspora and policy powerhouses will all need to be involved for us to build lasting ties.

Manoj Ladwa is the founder of India Inc. and chief executive of MLS Chase Group @manojladwa

#August 2017, #Middle East, #December 2017, #India & The World

An Indian banker set to expand his start-up base to the UAE elaborates on the reasons behind this move.

Rubique is a FinTech company based in Mumbai. We offer a lending marketplace platform which provides individuals and small and medium enterprises (SMEs) in the country with frictionless access to a wide range financial services products including loans, credit cards and insurance products.

#2017/2018, #October 2017, #COUNTRY FOCUS/Australia

Tech solutions, real estate and food production – India’s interest in Australia encompasses a wide array of sectors.

ANAROCK buys Indian arm of Aussie firm

ANAROCK Property Consultants Pvt Ltd, the real estate venture floated by former JLL India chief Anuj Puri, has acquired the local operations of Australian realty broking firm LJ Hooker under the Redwoods brand.

ANAROCK chairman Puri said in a statement: “The acquisition of LJ Hooker’s Redwoods is in line with our overall business strategy and will help us augment our operations across key southern markets.”

Bangalore-based Redwoods Projects Pvt Ltd will provide ANAROCK a competitive advantage in offering customised real estate solutions.

The company has 750 employees and aims to ramp up the headcount to 1,000 by the end of 2017. It operates in all key property markets across India, including Mumbai, Chennai, Bangalore, Gurgaon, Noida, Hyderabad, Kolkata and Pune and also has a presence in Dubai.

It provides broking and advisory services to clients, investment services, debt, equity and mezzanine funding, and research and consulting for residential real estate through a hybrid online-offline model.

#2017/2018, #FEATURE REGION, #October 2017

From Turkey and Egypt to the Gulf, Indian companies continue to show an appetite for emerging markets.

Mahindra acquires Turkish tractor firm

Mumbai-based Mahindra and Mahindra Ltd has acquired Erkunt Traktor Sanayii AS, a Turkish tractor maker and its foundry business for Rs 800 crore ($123 million) through Mahindra Overseas Investment Co.(Mauritius) Ltd.

The buyout will provide the company access to Turkish agricultural machinery market, the fourth largest globally, and help it enhance its product portfolio.

Mahindra has already acquired 75.1 per cent in Hisarlar, a Turkish farm equipment company earlier this year.

Pawan Goenka, managing director at Mahindra and Mahindra, said that the latest buyout is part of a larger strategy that has globalisation and diversifying product portfolio beyond tractors, as two important pillars of growth strategy for the farm equipment business.

After this acquisition, Mahindra will be focusing on consolidating its presence in the overseas markets it has recently entered – these including Brazil, Turkey, Japan and Algeria.

As part of the agreement, Mahindra will acquire 100 per cent of the share capital of Erkunt Traktor and at least 80 per cent of Erkunt Sanayii A.S, which is held by Erkunt Traktor.

#UK/EUROPE, #October 2017

Tata Motors owned Jaguar Land Rover (JLR) has unveiled ambitious plans to electrify all its vehicles from 2020 as part of a more greener strategy.

Tata Motors owned Jaguar Land Rover (JLR) recently announced that all its new models will be electrified from the year 2020.

The luxury brand, acquired by the Indian automotive giant nine years ago, unveiled plans for a range of fully electric, plug-in hybrid and mild hybrid vehicles in the coming years.

#Cover Feature/Auto, #August 2017

Tata Communications is at the heart of Formula 1 with a high-tech collaboration, writes a company insider.

F1 is the world’s most technologically advanced sport, and one where every millisecond matters. Whether it’s transmitting data from one of the hundreds of sensors on an F1 car back to the pits, or delivering the action in real-time via an online feed to millions of fans around the world, in this high-pressure, high-tech environment, superfast connectivity is critical.

#February 2017, #Diplomat Corner

The new Indian high commissioner to the UK believes India and the UK can work together towards a win-win visa regime.

“In the field of IT, our professionals are renowned the world over. It is very important that our IT professionals can come and work and go back. They will contribute immensely not only to the local economy but also the global economy, which is what they are doing in Silicon Valley and the rest of the world,” says the Indian high commissioner to the UK, Y.K. Sinha.