1 hr ago
Northern England Mayors Launch India Trade Mission After UK-India Deal
Mayors and other leaders from northern England are going to India.
Their trip will happen from 12 to 16 October.
They want to help businesses in the North trade more with India.
They also hope to attract Indian investment and create jobs.
The trip follows a new trade agreement between the United Kingdom and India.
That agreement aims to increase yearly trade from £47.9 billion to at least twice that amount.
The delegation will first meet together in Delhi.
After that, different regions will work on projects linked to their own strengths.
UKIBC, HSBC UK and government departments are helping organize the mission.
The Great North Mayor Mission will visit India from 12 to 16 October.
The delegation will include mayors, businesses, universities and civic institutions from northern England.
UKIBC and HSBC UK announced a partnership to support the mission and develop investment opportunities.
The mission follows implementation of the India-UK Comprehensive Economic and Trade Agreement, which targets doubled bilateral trade.
Participants will focus on manufacturing, life sciences, technology, clean energy, financial services and creative industries.
- Who
- Mayors, businesses, universities and civic institutions from northern England, supported by UKIBC, HSBC UK, the Department for Business and Trade, and the Foreign, Commonwealth and Development Office.
- What
- The Great North Mayor Mission, a joint delegation seeking trade, investment and economic partnerships in India.
- Where
- India, beginning with a collective programme in Delhi and followed by regional activities.
- When
- 12 to 16 October, three months after implementation of the India-UK Comprehensive Economic and Trade Agreement.
- Why
- To attract investment, strengthen trade links, build partnerships and support jobs and growth across northern England.
Key facts
- Mission dates
- 12 to 16 October
- Current annual bilateral trade
- £47.9 billion
- Trade target
- At least double bilateral trade
- Northern economy represented
- More than £340 billion
- Population represented
- 16 million people
- Businesses represented
- 1.1 million businesses
- Participating areas
- North East, Yorkshire, Liverpool City Region, and Cheshire and Warrington
Quotes
Kishore Jayaraman
Group CEO of the UK India Business Council
“Signing a trade agreement creates opportunity; turning it into investment, jobs and business growth requires action.”
easterneye.biz
Stephanie Betant
Head of Global Trade Solutions at HSBC UK
“India is one of the UK's most important economic partners, and the UK-India free trade agreement creates real momentum to deepen that relationship.”
easterneye.biz
Sources
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