The first UK India Business Centre opened in Gurgaon, Delhi’s new business hub, on Thursday, 19th September. UK Minister for Trade Lord Green flew in with a delegation of British Trade Associations, including the British Chambers of Commerce to launch the Centre, which will be run by the UK India Business Council. Chief Minister of Haryana, His Excellency Bhupindar Hooda and UK India Business Council Chair Rt. Hon. Patricia Hewitt will participate in the lamp lighting ceremony which will be attended by over 100 guests including leading UK and Indian businesses, policy makers, and government officials. Norfolk Chamber of Commerce is proud to be supporting this initiative which will help British companies, especially SMEs, do more business in India. This is the first such Business Centre to open in a major emerging market, since the PM’s announcement in November of an initiative designed by Lord Green to transform the support given to UK business overseas. Welcoming the launch, UK Trade and Investment Minister, Lord Green said: “I am delighted to be here today opening the very first UK India British Business Centre in Gurgaon. This is an initiative which is very close to my heart. The centre will help UK small and medium sized businesses work closer with more established British businesses in India and provide them with the support needed to capitalise on the huge potential of the Indian market. The network of centres across India will also drive a step change in the number of UK companies doing business in India contributing to prosperity in both countries.” Rt. Hon. Patricia Hewitt, Chair, UKIBC said, “I am delighted that we are opening the first of the Business Centres in Gurgaon. It will be the first of a planned network of six such Centres across India, run by UKIBC in partnership with UK Trade and Investment (UKTI) and the British Business Groups in India. The Centres will provide a home away from home for UK companies. Each Centre will provide meeting, training, networking and conference space alongside advice and other market entry services, with a particular emphasis on SMEs wanting to get into the Indian market for the first time.” Tracey Howard, International Trade Director at Norfolk Chamber of Commerce said, “”The Norfolk Chamber of Commerce is proud to be supporting this initiative to help UK SMEs into the Indian market. Having a “home away from home” with hot-desking, office space, and specialist on hand advice will make entering the Indian market easier for local companies. We look forward to hearing of it’s initial progress when UKIBC come to speak at our Better Business in India event next month” The United Kingdom is the third largest investor in India with a total FDI inflow of US $17.6 billion, equalling 9 per cent of the total FDI inflow, between April 2000 and June 2013. In 2012, the bilateral trade between the UK and India was £15.4 billion. By opening UK India Business Centres UKIBC aims to enhance UK-India bilateral trade and make it easier for British businesses to enter India.
