UKIBC-Gujarat MoU for industrial development
Gujarat is one the most attractive investment destinations in India, most recently evidenced by HSBC announcing their expansion into GIFT – the Gujarat International Fin-Tech City, said Kevin McCole, Managing Director of the UK India Business Council (UKIBC)
This was highlighted by McCole on 29 July 2020 when UKIBC formed a collaborative partnership with the Gujarat Government to help boost business and industrial development in the state.
The collaboration will also aim to proactively enhance the business environment and strengthen collaboration with British businesses in Gujarat, he said.
The UKIBC has a Memorandum of Understanding (MoU) with Industrial Extension Bureau (iNDEXTb), Industries and Mines Department, Government of Gujarat, the premier agency focused on accelerating industrial development in the state.
The MoU (picture) was signed at a virtual roundtable by Neelam Rani, Managing Director, Industrial Extension Bureau (iNDEXTb), Government of Gujarat and Kevin McCole, Managing Director, UKIBC in the presence of Peter Cook, Deputy High Commissioner, British Deputy High Commission – Ahmedabad, M K Das, Principal Secretary (Industries and Mines Department), Government of Gujarat and Arti Kanwar, Resident Commissioner & Commissioner (Investment Promotion), Government of Gujarat.
McCole said the MoU is deepening the UKIBC partnership with Gujarat, which began in 2013 with UKIBC being the first Partner Organisation at Vibrant Gujarat.
“We look forward to having a similar partnership for #VibrantGujarat 2021. We are therefore building on a position of strength,” he said.
“With collaboration between countries and between businesses and governments vital to ensure economic and social resilience, there is huge potential for the UK and Gujarat partnership.”
Addressing the forum, M K Das added, “Gujarat has always stood strong against external shocks and has emerged as a land of abundant opportunities over a period of time.
“This resilience is reinforced by the strong entrepreneurial spirit of Gujarat and the Government’s commitment to supporting businesses and investments with greater openness, ease of doing business and policy stability.”
Neelam Rani, Managing Director, @iNDEXTb, pointed out, “Gujarat is greatly contributing towards a prosperous and resilient India through stronger economic capacities.”
“The MOU opens a new chapter in partnership and collaboration and a renewed prospect of a more prosperous relationship. I look forward to working closely with UKIBC and counterparts in Gujarat to deliver the benefits of stronger trade and commerce between us,” assured Peter Cook, Deputy High Commissioner, British Deputy High Commission – Ahmedabad.
@UKIBC will also support interactions between UK businesses and the State Government to provide direct feedback from a business on the ease of doing business, market access and other relevant issues that can further bolster business confidence and enhance the operating environment for doing business.
These interactions will take the form of dialogues, annual ministerial meetings and various delegation visits.
UKIBC said it will also work towards future investment opportunities, strengthening its relationship with state governments, supporting its members in addressing their key asks and smoothing investor interactions in different markets. #investment #industrial #development #GiftCity /fiinews.com
