L-R: Vandana Yadav, MD, WBIDC; Dr. Amit Mitra, West Bengal finance minister; Bruce Bucknell, UK deputy high commissioner in Kolkata; and Richard Heald, UKIBC Group CEO. Pic courtesy: UKIBC
The UK India Business Council (UKIBC) recently signed a memorandum of understanding (MoU) with West Bengal state to step up its commitment to working together to facilitate trade and investment through collaboration, sharing information, promoting ease of doing business and smoothening investor interaction. British firms employ nearly 30,000 in Kolkata alone.
The MoU was signed by the UKIBC Group chief executive Richard Heald and West Bengal Industrial Development Corporation managing director Vandana Yadav during the Fifth Bengal Global Business Summit in Kolkata, UKBIC said in a statement.The UK India Business Council recently signed a memorandum of understanding with West Bengal state to step up its commitment to working together to facilitate trade and investment through collaboration, sharing information, promoting ease of doing business and smoothening investor interaction. British firms employ nearly 30,000 in Kolkata alone.#
Due to reforms related to ease of doing business, such as a single window system for business, digitalisation of government services and the simplification of bureaucratic processes, West Bengal has secured significantly higher economic growth than the Indian average.
According to UKIBC’s ‘Doing Business in India 2018 Report: The UK Perspective’, one-fourth of UK businesses intending to enter and expand in India in the next 12 months are looking towards eastern states like West Bengal.
The United Kingdom was an official partner of the summit.
The MoU is the second UKIBC has signed with strategic Indian states following the signing of an MoU with Maharashtra state in January 2019. (DS)
ALCHEMPro News Desk – India
marketing@alchempro.com
