UK India Business Council: Advocating Business Success in 2020
This report outlines the breadth of advocacy work that the UKIBC has delivered in the last twelve months and sets out our objectives and plans for 2020.
2019 was another important year, during which we secured a number of advocacy wins that enhance the UK-India bilateral relationship. These include reforms to increase the post-study work visa for Indian students coming to the UK, the cut in India’s corporate tax rate, food labelling, and the relaxation of drug price caps in India.
Each of these wins were helped by our continued work with stakeholders across the UK and Indian Governments, including State Governments in India as well as central, devolved administrations, and city regions in the UK.
UKIBC’s own insight, from its networks, contacts, meetings, surveys and events have found that most UK companies already doing business in India plan on deepening their activity. To ensure that this positive relationship continues to grow, the reform priorities of UK companies must be heard.
In 2020, we will continue to work with our members and clients to drive the UK-India relationship forward, in the context of a ‘Global Britain’ soon to leave the European Union under the newly elected Government.
Government to Government (G2G) platforms need the direct input of businesses on both sides if they are to efficiently target and tackle the barriers that matter. Success is rooted in continuous G2G and G2B interaction in order to help set right the priorities and resolve barriers to trade.