Strengthening UK-India trade and investment through ease of doing business reforms
Working in partnership with businesses, the Government of India and State Governments have taken many positive steps in recent years to make India an easier place to do business and a more attractive destination for investment. From the introduction of GST, to the reduction of the corporate tax rate, to stripping-out bureaucracy, we applaud Governments across India on this important and successful work.
In a continued spirit of partnership, the UK India Business Council has submitted, on behalf of businesses, a list of constructive recommendations that we believe will further improve India’s business environment, stimulate new investment across states, and ultimately generate greater economic development and prosperity in India.
This summary report of our formal submission highlights the range of issues raised by businesses, all with the shared goal of improving the business environment, increasing trade and investment, and contributing to India’s growth story.
Our submission is based on detailed interviews with 10 of the largest UK businesses invested in India, spanning banking and financial services, food and drink, education, consumer goods, energy, and advanced engineering and manufacturing. Combined, these businesses employ tens of thousands of people in India and are keen to increase their investment. As well as serving the Indian market, many of these businesses also export from India – making and servicing in India and exporting to the world.