24 April 2015 #Clarkslegal
This Wednesday, April 22nd, Clarkslegal and James Cowper Kreston successfully co-hosted their ‘Trading with India: The Hinduja Group Perspective’ event at the University of Reading, where they were delighted to be joined by keynote speaker Abhijit Mukhopadhyay, President (Legal) & Company Secretary of the Hinduja Group.
After a short introduction from Michael Sippitt, Chairman of The Commonwealth Environmental Investment Platform (CEIP), and Robert Holland, Managing Partner at James Cowper Kreston, Mr Mukhopadhyay delivered some valuable insights into the current issues preventing trade expansion between India and the UK, which included the perception of the UK immigration policy and the political perception of the UK by Indian politicians.
(Left to right): Robert Holland, James Cowper Kreston; Abhijit Mukhopadhyay, Hinduja Group; Michael Sippitt, Chairman, The CEIP.
Whilst the UK’s population comprises of 1.5 million people of the Indian origin and 700 Indian owned businesses, with a combined turnover of £19 billion, trade between India and the UK is relatively low and Mr Mukhopadhyay urges UK businesses to invest in India as he believes the political climate is right as India is becoming more business friendly than ever.
With 14 affiliated hubs in Commonwealth countries, including India, the CEIP is committed to facilitating trade and investment in environmental and sustainable technologies across the Commonwealth and Mr Sippitt added that “It is crucial that we engage with India to develop mutual interests commercially and to work in solidarity on the biggest issues of our century, as what India does in the next few decades will affect our planet.”
The event provided all guests with fuel for thought and we hope that with the help of the CEIP, businesses will begin to become more proactive in their attempts to invest in and trade with India in the near future.
For more information on the CEIP, visit the website here: www.theceip.com