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Published byPurab Gandhi Modified over 9 years ago
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Highlights of PM Modi’s UK Tour
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Agenda Political and Diplomatic impact Trade and Investment Proposed Investment in India Proposed Investment in UK Financial Services Social & Cultural engagements
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Political & Diplomatic Impact Indian Prime Minister Modi received a warm reception & endorsement from the British government, the British Parliament & all sections of British business houses during his UK visit The visit was great success in reinforcing India’s status as a rising power The tour started off with a Guard of Honour given to PM Modi followed by an address to the British Parliament In a further gesture & appreciation of the importance of the Prime Minister’s visit, Her Majesty Queen Elizabeth II hosted Narendra Modi for lunch at the Buckingham Palace
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Trade & Investment PM Modi & PM David Cameron jointly attended & addressed the UK India CEO Forum Both sides dedicated to raise the existing level of trade & investment UK trade with India is currently ranked 18th This visit will be a catalyst to raise the level of trade $13.7 billion worth trade agreements were signed
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InvestorsInvestment AmtTrade agreements OPG Ventures$4350 millionto set up a 3200 MW thermal & renewable power plant in Tamil Nadu Lightsource Investment$3000 millionto set up 3GW solar power generation infrastructure in 5 years. Vodafone Investments$1950 millionexpanding services under Digital India and Make in India initiative. King’s College Hospital$1500 millionto open a new hospital in Chandigarh. Kloudpad Mobility Research$150 millionto manufacture, wearables, smart watches and tablets. Merlin Entertainments$75 millionto set up the famous Madame Tussauds Wax Museum in India. Holland & Barrett International$30 millionto set up 1000 outlets in India in joint venture with Apollo Hospitals Group Genus ABS$1.5 millionto invest in dairy genetics and a state-of-the-art plant in Pune. Proposed Investment in India
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InvestorsInvestment AmtTrade agreements Indiabulls$100 millionto invest in OakNorth Bank Ltd in the UK TVS Investment$30 millionto open an Advanced Logistics Centre in the UK SSPSL, a subsidiary of Strides Shasun $12 millionto expand their existing facility in the UK Advatech$7.5 million Wipro Digital to expand its office in the UK and will be hiring 200 over 12 months Proposed Investments in UK
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Financial Services Yes Bank & LSE signed an agreement to list Green Bonds & GDRs worth $1.4 billion HDFC to issue $750 million worth of rupee denominated bonds for trading on the London Stock Exchange Bharti Airtel Ltd to issue $760 million sterling bond for trade on the London Stock Exchange
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Social & Cultural Engagements Highlight of the PM’s tour was the grand reception given by over 60,000 Indians at the Wembley Stadium One of the largest gatherings ever for hosting a Prime Minister Cultural programmes highlighting aspects of both Indian & British culture were showcased Welcome speech by Prime Minister David Cameron Much-awaited speech by Narendra Modi, recognizing contribution in building Indo-British relations PM Modi paid respects to Mahatma Gandhi’s statue outside British Parliament PM visited recently acquired house of Dr B.R. Ambedkar that will soon be turned into a museum on his life & contribution Unveiled a statue of Basaveshwara, a renowned philosopher, scholar & statesman PM also visited the JLR-Land Rover factory at Solihull The Prime Minister also met various Indian community leaders
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Thank You
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