#COVER FEATURE, #October 2017

S. Thangapandian, Chief Executive Officer of Essar Oil UK, takes time out for ‘India Global Business’ to explain why the company is investing heavily in its Stanlow Refinery in Britain and the story behind turning a loss-making unit into a promising asset.

What are the company’s investment plans for the UK?

Essar Oil (UK) Ltd, which owns and operates the Stanlow Refinery, will be investing further $250 million in the refinery. We have already invested over $800 million to turn around the business since we acquired the Stanlow refinery. This reaffirms the group’s commitments to stay invested in core sectors. These investments will ramp up the throughput from 68 million bpd to 75 million bpd.

Investment will also deliver enhanced yields of high value products, reduce crude costs and drive revenue growth.

#October 2017, #EMERGING MARKETS

The Netherlands, Singapore and Mauritius have emerged as leading destinations for outbound Indian FDI. The attractions are benign tax laws, ease of doing business, easy access to international markets and robust regulatory frameworks.

The two top destinations for outward foreign direct investments (FDI) from India are Mauritius and Singapore. Three more tax havens – Jersey, Switzerland and British Virgin Islands – also figure in the list of Top 10 outward destinations. These jurisdictions are obviously bases from which the investments are routed to their ultimate destinations where actual physical assets and IPRs are located.

#India-UK, #Yearend 2016

London attracts many of India’s new adventurers looking to expand globally. A trade and investment expert from the mayor’s team tells ‘India Global Business’ why that will continue to be the case in the New Year.

It is crucial London further strengthens ties with the great cities across India, because when it comes to business, we already share a special bond.

#July/August 2016, #Trade Wars, #2016

Global trade slowdown is far worse than projected and the trend is leading to greater protectionism, writes FICCI president.

If you are concerned with slowdown in world trade, think again. It is indeed far worse than what we commonly believe. As the July-report of ‘Global Trade Alert’ pointed out, world trade is not just slowing down – the fact is it has not grown at all since January 2015. Such a prolonged phase of ‘no growth’ in global trade is worrisome and expectedly, it is accompanied by a spurt in protectionism.

#Latest from India Inc.

The world as we know it changed significantly today as Britain voted for Brexit but also threw up a historic opportunity for India and the UK to chart their own course within this new emerging scenario in Europe.

India and the UK must work proactively to build on their strategic partnership and seek a new kind of union with the wider the European Union (EU) community. Just as the UK’s Remain camp had stressed, it is not a binary decision – India has the right credentials to strike lucrative agreements with the UK as well as the EU. The one thing that is a given is that doing nothing is not an option for Indian business and political interest.

#May/June 2016, #2016, #UK/EU

Investments from India into the UK rose by nearly 65 per cent in 2015, establishing India as the third largest source of foreign direct investment (FDI) into the UK. The number of fast-growth Indian companies in the UK, growing at more than 10 per cent, has nearly doubled from 36 to 62 firms in a year. These are just some of the key findings of a new report by Grant Thornton.

#May/June 2016, #2016, #UK/EU

Sanjeev Gupta is being dubbed the UK’s new “man of steel” after he emerged as a potential saviour of jobs if he were to acquire Tata Steel’s UK assets, which went up for sale in March.

‘India Global Business’ caught up with the founder and executive chairman of Liberty House Group to delve into the crisis in the European steel industry, restarting mothballed steelworks and why he feels his GreenSteel model would prove more resilient.

#May/June 2016, #2016, #UK/EU

The Indian ICT industry has been a flag-bearer for the country, especially in the UK and Europe. NIIT Technologies, as a leading player in the field, is well placed to give an overview of the successes and challenges. The firm’s Europe in-charge weighs up the market, how it has evolved over the years and if the upcoming referendum on the UK’s membership of the European Union (EU) is likely to have any significant impact on the industry.