Dear Reader

This hasbeen a challenging year for businesses worldwide, however, I am pleased toshare the news that two-way trade in goods and services between the UK andIndia increased by 10.7 per cent in 2011 Q1 compared to 2010 Q1.

We havealso seen a marked increase in our membership. This year we welcomed Tata andPearson as our Strategic Partners and launched our sector service successfully.This aimed, aimed at SMEs, has been well received.

We alsotook the largest ever skills business delegation to Kolkata and signed an MoUwith FICCI and the state of West Bengal for skills training.

As you areaware, our 2012 Networking Summit in Manchester was a big success with over 480delegates attending it. We aim to follow this with another ambitious Networking Summit in March 2012 inManchester. I hope you will join us again.

And lastly,I would like to wish you all a very Merry Christmas and a Happy New Year.

Richard Heald

Chief Executive

UK India BusinessCouncil