Narendra
Modi’s visit to UK – an overview
Prime Minister, Mr. Narendra Singh Modi was
on three days visit to UK from 12 Nov to 14 Nov. During the trip, Modi met UK Prime
Minister, Mr. David Cameron, lunched with the British Queen at Buckingham
Palace and polished India’s attraction internationally.
Bilateral relations between India and UK is named as
Here is the overview of visit:
"Two Great Nations. One Glorious Future"
Here is the overview of visit:
Ambedkar
memorial & unveiled Basaveshwara statue
·
Prime
Minister, Mr. Narendra Modi has unveiled a statue of 12th-century
philosopher-statesman Basaveshwara on the south bank of the Thames and with
Maharashtra CM Devendra Fadnavis inaugurated B R Ambedkar memorial in London
and was announced that every year two Dalit students from India would study in
any university based in London or Europe and arrangements would be made for
their stay in the building.
·
The
house in north London was recently purchased by Maharashtra Govt for £3.2
million.
·
The
2050 sq. ft. property on King Henry’s Road in London is a 3 storeyed structure
where father of the Indian constitution lived while pursuing his studies (DSC)
in London School of Economics in year 1921-22.
·
Ambedkar
died in 1956 aged 65 was posthumously conferred the Bharat Ratna in 1990.
·
27
deals worth 9.2 billion pounds ($14 billion) have been signed between India and
UK during the NaMo’s three days visit to British country. Here is the list of
key accords:
Electricity
generation in Tamil Nadu
·
Britain’s
OPG Power Ventures to add 4,200 MW capacities by investing $4.4-billion in
Tamil Nadu
King’s
College Hospital in Chandigarh
·
Pact
has been signed b/w King’s College Hospital NHS Foundation Trust and Indo UK
Healthcare
Madame
Tussauds in Delhi
·
Merlin
Entertainments plc has announced its wax attraction scheduled in early 2017
with £50 million investments in 10 years.
Support
“Digital India” and “Make in India” campaigns
·
Vodafone
to invest £1.3 billion (Rs 13,000 crore) to supports the GOIs campaign.
·
UK’s
insurance industry accords with JVs in India to ↑
FDIs
·
Standard
Life, Bupa and Aviva have committed to invest a combine total of £238 million
of FDI in their Indian JVs.
Online
business to business marketplace
·
Contract
has been signed b/w E-commerce cloud platform provider “cloudBuy” and
Confederation of Indian Industry (CII).
Holland
& Barrett outlets in India
·
Holland
& Barrett International has partnered with Apollo Hospitals in a deal worth
£20 million. The first store will open in New Delhi in January 2016.
“Disruptive”
IT technology to ambulances
·
Advatech
Health Care will invest £5 million in the UK n will introduce the same.
Collaborations
on bond and equity issuance
·
MoU
has been signed b/w London Stock Exchange Group and Yes Bank with a focus on
Green Infrastructure Finance.
Rupee
denominated bonds
·
HDFC
will issue rupee denominated bonds overseas up to $750 million under the RBI
guidelines and will list the initial issue of bonds for trading on the London
Stock Exchange.
Sterling
bonds
·
Bharti
Airtel intends issuing its maiden sterling bond of up to £500 million to be
listed on the London Stock Exchange
“FTSE-SBI
India Bonds Indices”
·
State
Bank of India and London Stock Exchange will collaborate to create the same.
World’s first India fixed income ETF
·
Zyfin
and Sun Global will be listing the world’s first India fixed income ETF on LSE.
SBI
UK new branches
·
SBI
UK will open two branches in Hounslow and Ilford and expand of its Manchester
and Leicester branches.
India, UK PMs attend CEO Forum
· The first meeting of the reconstituted India-UK CEOs at 11 Downing Street was attended by Prime Minister, Mr. Narendra Modi and the British PM Mr. David Cameron.
· Forum was headed by Tata Group chairman Cyrus Mistry.
· Key issues discussed – Taxation, Foreign Direct Investment (FDI) and intellectual property rights.
Wipro
Digital
·
Wipro
has increased its investment in the UK with the opening of its newest office
for Wipro Digital.
TCS
will train British graduates
·
TCS
in collaboration with British Council will provide opportunities for 1,000
graduate interns from British universities to train and work in India over next
years.
“Skills
for Life” initiative in India
·
HSBC
has announced the launch above initiative in India, a programme to skill 75,000
disadvantaged young people and women over 5 years.
Dairy
genetics & state-of-the-art facility in Pune
·
Genus
ABS will provide dairy genetics constructing a state-of-the-art facility by
investing £1 mn.
3
GW of solar power infrastructure
·
Solar
PV generator Lightsource will have announced a £2 billion investment in India
to design, install and manage solar power infrastructure over next 5 years.
Investment
in South India to promote “Make in India”
·
Kloudpad
Mobility Research Ltd will invest £100 million for generation of smart watches,
wearables and tablets, creating 2,500 skilled jobs in India.
Thames-Ganga
partnership
·
UK
and India has also joined hands to support India’s ambitious urban development
goals in Indore, Pune and Amaravati and also launched a new Thames-Ganga
partnership for healthy river systems.
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