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BUSINESS UK Edition Where's the Brexit Bus Heading? India’s Foremost Trade & Investment Magazine INDIA GL BAL BUSINESS UK Edition Where's the Brexit Bus Heading? 12 32 42 DESPATCH BOX HOTSPOT GLOBAL INDIAN Post-Brexit Britain should be building Poland's promise for The Indian wine market is one bridges with India, not burning them investors from India of the world’s most exciting Lord Karan Bilimoria Ada Dyndo Rajeev Samant UK Council for International Student Affairs Polish Investment & Trade Agency Founder, Sula Vineyards August 2018 £4.95 www.indiaincgroup.com ISSN 2516-3930 Transforming lives in India through strategic and sustainable CSR The British Asian Trust works with business to tackle poverty and create change The British Asian Trust thinks differently By combining innovative finance with traditional philanthropy, we are committed to achieving maximum social impact to help reduce poverty in India. Our work is geared towards education, anti-trafficking, livelihoods, disability and mental health, with an emphasis on children, young people and women. ‘Doing good’ can go hand-in-hand with a strong business imperative. We support powerful cross sector partnerships and investment in local communities by measuring outcomes, which makes our investors confident that we can deliver results at scale. Help us make a lasting difference For more information please contact: [email protected] and visit www.britishasiantrust.org The British Asian Trust is a UK Registered Charity (1127366) csr advert india 100.indd 1 16/05/2018 10:11 FROM THE TOP Sajid, smart young Indians must be encouraged to jump on the Global Britain bus ith Sajid Javid’s appointment as Home community, are job makers, not job takers. Secretary, those who believe in meritocracy, aspiration and progressive immigration policies I admit that forecasts for the UK’s future outside of the Ware hoping that they have a voice in the UK Cabinet. European Union are gloomy. Deal, no deal, hard or soft Brexit, one thing we have seen is that the UK is in need of I count myself among them. Like Sajid, I was born to dynamic partners and the EU is not suited to playing this immigrant parents who came to the UK for a new life in part. The fault has been to consider ties with India weaker inner-city Birmingham. for the Brexit vote – they need not be. Hardworking immigrant families like mine and Sajid’s Tasked with establishing a frictionless border at the Irish played an important role in building post-war Britain. The border, Indian IT companies are emerging now at the legacy of the successful integration of the overwhelming cutting edge of tech advancements in AI and firmware. majority of the British Asian diaspora is proof that those In the short term, firms such as TCS and Infosys could progressive immigration policies still have a place in the possibly provide innovative and cost-effective solutions to UK today. the border and customs question, changing the nature of the issues the UK faces altogether. It seems only right that the son of an immigrant bus driver from Pakistan, THE UK CAN TREAT Other stones remain unturned. India’s now a rising Tory star, should hold the INDIA AS PART OF pharmaceutical industry has a proven power to bring about the end of the THE SOLUTION TO record of providing safe and cost- ‘hostile policies’ that have characterised THE CURRENT MESS, effective essential medicines at scale, the Home Office’s treatment of NOT JUST ANOTHER yet the idea of establishing a much immigration in recent years. PROBLEM. more robust supply of Indian medicines to the UK remains unexplored. As he starts to tackle the vexed issue of immigration, Sajid Javid should use his own heritage India continues to give its vote of confidence in the UK’s and journey as a source of strength and inspiration, rather green technology sector, too. In July this year, Bharat than pander to the isolationists in his party who say ‘the Forge invested £10 million in UK-based Tevva Motors, bus is full’. which is developing electric vans capable of a greater range than competitors in this space. Major issues are about to rear their head. In September, the Migration Advisory Committee will issue a report The UK can treat India as part of the solution to the on international students which is expected to further current mess, not just another problem. We must seek increase pressure on the government to remove students out serious business opportunities, the building blocks for – including over 16,000 Indians in the UK – from net strategic engagement. Then, an agreement on free trade migration calculations and instead seek to attract more could be much closer than we think. of them to our country to become talented graduates and lifelong ambassadors. Immigration is vital in changing the nature of the dialogue between bilateral partners, and Sajid Javid, in place as He will have an even greater job to do, to foster a better Home Secretary, must recognise the role that he also visa regime for Indian IT workers, doctors and nurses plays in establishing a pragmatic dialogue between the who continue to come to this country to support vital UK and its closest partners. Smart young Indians must be businesses and public services. encouraged to jump on the Global Britain bus now more than ever before. Any other message will only hurt the UK. Building Global Britain in the spirit of these progressive immigration policies could be considered a way to spite Manoj Ladwa the Brexit vote, but this should not obscure the real Publisher & CEO, India Inc. opportunity here. Immigrant communities, like the Indian @manojladwa www.indiaincgroup.com August 2018 3 CONTENTS The UK Edition of ‘India Global Business’ presents all sides of the argument around free movement of people in the context of closer post-Brexit India-UK relations. And, an array of Guest Columns, Interviews and Analyses cover detailed foreign direct investment updates, in and out of India. COVER STORY 8 14 YES Bank gears up to establish presence in UK Interview with Rana Kapoor, Managing Director & CEO, YES Bank Eye on Brexit Easier visa regime will 19 Tata Steel strikes European deal to secure jobs benefit Britain more by India Inc. Staff than India by India Inc. Staff 22 India reaped a bumper harvest of jobs in 2017-18 by India Inc. Staff GUEST COLUMN FROM THE TOP 3 Sajid, smart young Indians 26 Engaging the youth for must be encouraged to jump a vibrant Commonwealth on the Global Britain bus by Layne Robinson, Head – by Manoj Ladwa, Social Policy Development, Founder & CEO, India Inc. Commonwealth Secretariat DESPATCH BOX 30 The Small Print: Start-ups will define the future of employment in India 12 Post-Brexit Britain by Dr Param Shah, Director – UK, should be building Federation of Indian Chambers of bridges with India, Commerce & Industry (FICCI) not burning them by Lord Karan Bilimoria, President, UK 32 HOTSPOT: Poland’s promise for Council for International investors from India Student Affairs by Ada Dyndo, Head, Polish Investment and Trade Agency 4 August 2018 34 The Big Picture: Measuring the true impact of soft power by Dr Gareth Price, Senior Research Fellow, Asia 48 Influencing Global Programme, Chatham House Outcomes Together by Sir Michael Arthur, Britain’s COUNTRY FOCUS former envoy to India 36 India-Korea: A renewed push by India Inc. Staff REGION FOCUS 51 Social Impact Focus: Fighting for the right to sanitation 39 Oxford and India: by Meenakshi Batra, CEO, Charities Aid Building on historic ties Foundation (CAF) by Sachi Patel, Founder, Oxford India Speaker Series 54 Last Word: India cracks down on economic offenders GLOBAL INDIAN Published by Incorporating www.indiaincgroup.com © India Inc. Limited, all rights reserved. Reproduction in whole or in part without our written permission is prohibited. Views expressed by our contributors are their own and do not necessarily represent the views, policies of India 42 The Indian wine market is one of the world’s Inc. While every effort is made to achieve total most exciting accuracy India Inc. cannot be held responsible for Interview with Rajeev Samant, Founder & CEO, any errors or omissions. Sula Vineyards Editorial [email protected] 45 Why UK and India need to Advertising & Sponsorship PRICE £4.95 reform their visa processes [email protected] PUBLISHED IN LONDON by Dr Mohan Kaul, President, Indian Professionals Forum (IPF) www.indiaincgroup.com August 2018 5 Where's the Brexit Bus Heading? nfluential voices within the UK five years and this trend doesn’t look risk” countries whose nationals would are saying the UK may be hurting like it will change anytime in the near be subjected to less stringent visa itself by adopting a restrictive future. Blaming the anti-immigrant procedures, is holding up what could Iimmigration policy. There is a very real Brexit sentiment for this state of affairs otherwise be a win-win trade and danger that the country may lose its may not hold water. strategic partnership between London position as the second most popular and New Delhi. destination for students pursuing That vote was driven by anxiety higher studies to Australia. And at over job losses to East European But with India’s talks on an FTA with a time when it needs to stitch up immigrants, who had unfettered the EU reaching a dead end and with mutually beneficial trade deals with access to the British job market. But both a Global Britain and a Global large trading partners following Brexit, Indians, as the following report and India needing mutually beneficial placing unreasonable restrictions numerous studies show, are not job trade deals in an increasingly on the entry of Indian students, takers; on the contrary, they are job isolationist and protectionist world, creators, generating significant value there is a new window of opportunity professionals and businessmen on and employment in the UK with their to resolve this issue and move ahead entering Britain could prove counter- industry, innovation and enterprise.
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