Chairman, CII National Committee on School Education & Mentor & Chairman Emeritus, Fortis Healthcare India; visited UK from17th–24th January 2016.

The prime objective of this endeavor was to encourage a cross fertilization of ideas and to benefit education as a whole on both a national and international level. Besides the visit at BETT, the delegates had fruitful interactions at UKTI, HOK and Aldridge Foundation's Academy School.

17-24 January, London, Canterbury, Cambridge

CII School Education Delegation

CII National Committee on School Education took a 15 member delegation of school heads and senior Indian corporate management officials for their participation at the world's leading technology based school education conference called BETT. Conferences were held in a number of cities across England and included the Indian committee having interactive meets with their UK counterparts in several schools in Canterbury and Cambridge. The delegation, led by Mr Harpal Singh,

It has been an exciting 6 months for CII – UK. We have seen a directional shift from major big bang programs to smaller, more strategic and focused programs, engaging stakeholders in the India-UK relationship in various categories. We hosted Minister of Finance and Minister of Renewable Energy from the Government of India, supported state Government of Odisha's efforts for investment promotion, arranged meetings for our members companies to better understand the UK economy and politics at play, organized sector business delegations in education and healthcare, briefed UK business about changes in the Indian economy and financial budgets, held meeting with members of Parliament, worked on programs supporting infrastructure financing, launched a report to spread thegood word about the fastest growing Indian companies in the UK, took a Business delegation to Manchester, collaborated on a UK visitor visa policy report, and even supported HM Queen's 90th birthday celebrations! Exhausting as it may be, the best is yet to come.

19 January, London

CII-Kotak Investor Roundtablewith Mr Arun Jaitley

CII in partnership with Kotak Mahindra Bank Ltd co-organized an Investor Roundtable with Mr Arun Jaitley, Minister of Finance, Corporate Affairs, Information & Broadcasting, Government of India on 19 January in London with medium-long term institutional investors in the UK.

Decision-makers from over 35 leading Fore ign Ins t i tu t ional Investors including Investec Asset M a n a g e m e n t , J u p i t e r A s s e t Management, BMO Global Asset Management, Fidelity Investments I n t e r n a t i o n a l , B l a c k r o c k International Limited, Columbia Threadneedle Asset Management, among others, were represented.

Finance Minister Jaitley interacted with senior members of the investor community in the UK and addressed the i r concerns per ta in ing to regulation in registration process for FIIs and ease of doing business, Goods and Service Tax (GST), land acquisition and fiscal consolidation, in addition to briefing them on opportunit ies in the National Infrastructure Investment Fund.

CII in the United Kingdom:Strengthening India - UK

Economic Relations

S U M M E R N E W S L E T T E R 2 0 1 6

CII supports Government of Odisha – Investor roadshow and sector roundtables

4 February, London

CII India Business Forum UK Meeting with incoming High Commissioner, H.E Navtej Sarna

2 March, London

Union Budget of India - A Briefing forthe UK Business Community

CII in collaboration with the High Commission of India organised an event analysing the recently announced Indian Budget for2016-2017 at India House.

The briefing was meant for the UK business and investor community and was well attended by more than 100 senior level representatives from the UK businesses, UK corporate houses operating in India, UK Government and media.

The panel analysed and presented its views on the Budget, discussing emerging commercial opportunities in India and its implications on India-UK business relations. The resounding response was largely positive and the ensuing interaction covered a range of issues such as India's focus on the rural sector, incentivising entrepreneurs and recapitalisation of banks.

2 March, London

Panel discussion for investor roadshow “Opportunities in Odisha”. Seated L-R: Mr Kevin McCole, COO, UKIBC, Mr SK Singh, Special Secretary, Department of Industries and MD, IDCO, Government of Odisha, Mr Sanjeev Chopra, Principal Secretary, Department of Industries & Chairman, IDCO CMD, IPICOL Government of Odisha, Mr Debi Prasad Mishra, Hon’ble Minister of Industries & School Mass Education, Government of Odisha, Dr Virander Paul, Deputy High Commissioner of India to the UK, and Mr D S Ravindra Raju, Chairman, CII Odisha State Council and Whole Time Director, Paradeep Phosphates Limited.

CII-HCI panel discussion analysing the Indian budget at India House.Seated L- R: Moderator Ibukun Adebayo, London Stock Exchange, Deepak Lalwani, LalCap, Philip Bouverat, Director, JCB, Anuj Chande, Partner and Head South Asia Group, Grant Thornton, John Copley, Senior Vice President, Strategy & Future Programmes (Aerospace), Rolls-Royce and Prashant Jhawar, Chairman, Usha Martin

CII collaborated with the Government of Odisha, High Commission of India and the UK India Business Council to organise an investor roadshow “Opportunities in Odisha” on 4 February in London.

A delegation from the state government of Odisha and CII's Odisha membership was organized for the purpose of promoting investment in the Eastern state, and stopped in several cities across the UK including London, Ashford, Derby and Coventry.

Mr Debi Prasad Mishra, Minister of Industries & School Mass Education, Government of Odisha led the state government delegation. Mr D S Ravindra Raju, Chairman, CII Odisha State Council and Whole Time Director, Paradeep Phosphates Limited led the CII delegation.

CI I supported Scot t ish Development International (SDI) for a “Make in India” seminar on 17 February in Edinburgh to highlight opportunities of collaboration between India and Scotland. Nearly 40 small and mid-sized local companies participated in the program and several expressed interest in learning more about doing business in India.

17 February, Edinburgh

“and Opportunities ofCollaboration for Scotland

Make in India Week

“CII member companies, including the Tata Group, State Bank of India, Air India, Wipro, ICICI Bank, EXIM Bank, Ty-Phoo and others shared about their UK operations, investments and employment at this exclusive meeting. Mr Prashant Jhawar, Chairman, CII-IBF UK, & Chairman, Usha Martin thanked the High Commission for its support and highlighted the collaboration of CII with the High Commission. He also shared a copy of India meets Britain, a report of the fastest growing Indian companies in the UK, with the High Commissioner.

The CII India Business Forum members held their first introductory meeting with the new incoming High Commissioner of India to the UK, H.E Navtej Sarna on 2 March at India House.

CII India Business Forum UK – Meeting with Mr Alok Sharma

Mr. Sharma has been appointed as the UK Prime Minister's Infrastructure Envoy to India and keenly looks forward to engaging with opportunities in India. Mr N Shankar, co-chair of the CII India Business Forum UK, and Vice President and Country Manager – UK & Ireland for Tata Consultancy Services chaired the meeting, congratulating Mr Sharma on his recent appointment and offering institutional support.

MP Alok Sharma welcomed CII members, and highlighted his priorities as UK Prime Minister's recently appointed Infrastructure Envoy to India – the three most important being to raise finance in London for Indian infrastructure projects, work towards delivering infrastructure bonds for India (including the much awaited masala bonds), and to work closely with the National Infrastructure Fund (NIF).

CII members expressed their views around talent mobility in the UK following the recommendations of the Migration Advisory Committee and associated increase in capital cost for Indian companies operating in the UK. Ease of doing business in the UK was also discussed with the most prominent issues surrounding grant of visas and opening bank accounts.

25 April, London

CII Green Investors Roundtable and dinner with Mr Piyush Goyal

CII organized a Green Investors roundtable discussion and dinner with Mr Piyush Goyal, Minister of State (Independent Charge) for Power, Coal, New and Renewable Energy, Government of India, bringing together over 50 interested and invested stakeholders in the UK-India relationship in the renewable energy sector on 19 April in London.

Minister Goyal emphasized huge potential for the UK and India to work together in the renewable energy space to fulfil PM Modi's vision of providing affordable and sustainable energy to all by 2019. He further spoke of innovations in LED technology and electric vehicles as game-changers in this space.

CII led a strong 12 member industry delegation accompanying the Minister and members included Mr Rahul Munjal, Managing Director, Hero Future Energies; Mr Ratul Puri, Chairman and Managing Director, Hindustan Powerprojects Pvt Ltd; Mr Deepak Amitabh Chairman and Managing Director, Power Trading Corporation of India Ltd and Mr Ravi Kailas, Chairman, Mytrah Energy.

19 April, London

CII IQ Healthcare/ Lean Six Sigma Delegation

CII-Institute of Quality organized a Lean & Six Sigma Mission to the United Kingdom, focused on Healthcare and hospital administration

18-22 April, London, Lancashire, Liverpool

CII India Business Forum UK members met Mr. Alok Sharma, Member of Parliament for Reading West, on Monday, 25 April at Portcullis House, Westminster.

India meets Britain: CII-Grant Thorntonreport on the fastest growing Indiancompanies in the UK28 April, London

India Meets Britain 2016, a report by Grant Thornton in collaboration with CII, on the fastest growing Indian companies in the UK was launched on 28 April in London.

Investors and businesses in renewable energy at the CII Green Investors roundtable with Mr Piyush Goyal, Minister of State for Power, Coal and Renewable Energy, Government of India on 19 April in London

Dr Jacki Bene, CEO, Bolton NHS FT welcomes the delegation to The Bolton NHS Foundation Trust, Farnworth, near Bolton, on 20 April in Greater Manchester

from 18-22 April 2016. The delegation aimed to learn more about best practices in UK hospitals in an effort to improve quality and standards.

The delegation visited a number of Hospitals in London and in Liverpool, interacting with private and NHS establishments, academics and professionals in Hospitals and with University faculties, to determine the latest thinking in quality and efficiency management.

Members of the delegation included Dr Murali, Head of clinical services, Manipal Hospitals (Mission Leader), and representatives from Narayana Hrudayala Hospital, Anexas Europe, KLE University's Jawarharlal Nehru Medical College, Medical Trust Hospital, SKS Hospital, Star Hospitals and Yashoda Super Speciality Hospitals.

CII supports City Week – InternationalFinancial Services conclave “Financing Prime Minister Modi's Infrastructure Plans”

Lending strength to its India-related discussions, CII supported the panel discussion on “Financing Prime Minister Modi's Infrastructure Plans”.

The panel deliberated overall scope of opportunity and models of financing India's infrastructure projects, including capital raising in global markets and emerging masala bonds. The discussion also brought to light the UK's commitment to supporting three smart cities in India, Pune, Indore and Amravati, and emphasised the power of transformation through green infrastructure which have a bearing on environmental and climate change considerations.

10 May, London

The report, which monitors high-growth Indian businesses operating in the UK, showcases the extent of Indian companies' contributions to the UK economy. It illustrates that the combined turnover of the top 62 high- growth businesses have increased by £4 billion in the last year, up from £22 billion in 2014 to £26 billion in 2015. These organisations provide thousands of jobs, contribute to the UK through business tax and are leading innovators in their respective fields, highlighting the special relationship between India and the UK.

India Meets Britain 2016, a report by Grant Thornton in collaboration with CII, on the fastest growing Indian companies in the UK was launchedon 28 April in London.

CII supported City Week 2016 held from 9 – 11 May at the Kia Oval in London. City Week, as the premier gathering of the international financial services community.

In 2016, The Queen marked her 90th birthday, and the Confederation of Indian Industry (CII) was one of the organisations featured in the official commemorative publication for The Queen's 90th Birthday Celebration at Windsor Castle.

In addition to celebrating the life and reign of The Queen, the publication showcased a selection of organisations in the UK and Commonwealth, or with strong ties to Britain. These organisations were drawn from educational, cultural, social, technological and business spheres.

The story of Indian companies in the UK was highlighted in this feature, and CII's member companies, Rolta Ltd, Air India and Cadila Pharmaceuticals were also showcased.

“CII is India's apex industry association, and we were approached by publisher St James's House with an invitation to appear in the event's official commemorative album,” said Shuchita Sonalika, Director and Head – UK, CII. “We were invited based on our good editorial fit for the project, and it's a great honour to be part of this historic celebration.”

The album was gifted to VVIP and VIP guests at Windsor Castle during the period of 12-15 May 2016.

13 May, Windsor

CII participates in The Queen's90th Birthday Celebrations and Commemorative Album

Rt Hon Hugo Swire, Minister of State for Foreign and Commonwealth Affairs delivered a keynote at the session. The panel discussion moderated by Philip Bouverat, Director, JCB included Alok Sharma MP, UK Prime Minister's Infrastructure Envoy to India, Ali Hassan, Senior Representative, Dubai International Financial Centre and Vivek Abraham, Invest India and Shuchita Sonalika, Director – UK, CII.

Make in India, Innovate with Manchester a significant event took place the city’s Town Hall on 22 June, bringing together Indian businesses interested in trading with India and Indian businesses seeking collaborative opportunities in Greater Manchester. The event, hosted by MIDAS, Manchester’s inward investment agency (part of Manchester Growth Company) and the High Commission of India, was supported by the Confederation of Indian Industry, UKTI and Deloitte. The objective of the program was to better understand the bilateral trade, export and R&D collaboration opportunities presented by Prime Minister Modi’s initiative and how the city region is strengthening ties with India. India is a critical market for the UK in terms of inward investment, outbound export, education and

22 June, Manchester

Make in India, Innovate in Manchester

A new report published by the Royal Commonwealth Society in partnership with leading aviation tourism and industry groups including the Confederation of Indian Industry (CII), recommends that India is added to the UK’s latest £87 two-year visitor visa scheme. The reform would help reverse the UK’s falling market share of global Indian tourists, which has halved over the last decade. The

5 July, London

Tourism Visa Policy Report:Calls for a 2-year,£ 87 UK visitor visa for Indian Nationals

tourism. EY UK Attractiveness Survey 2016 revealed India was one of Manchester’s key markets for foreign direct investment and it is clear that Indian businesses are investing in the city. More specifically some of India’s key companies have invested in the region, these include Aegis, Vistaar Productions at MediaCityUK, Hero Cycles, State Bank of India and recently, HCL Technologies’ innovation partnership with Manchester United Football Club. Manchester is one of the active centres in the country in diverse areas of trade and investments, life sciences and healthcare and higher education. Greater Manchester’s heritage in innovation and science, which has seen the region being recognised as European City of Science 2016, make it the ideal partner for Make in India. The universities expertise in areas such as advanced materials and manufacturing, 3D printing and life sciences provides unparalleled R&D opportunities for both industry and educational establishments.

Key speakers at Make in India, Innovate with Manchester included Tony Lloyd, Mayor of Greater Manchester, Tim Newns, Chief Executive of MIDAS, Manchester’s inward investment agency, Professor Luke Georghiou, Vice-President for Research and Innovation, University of Manchester, and Shuchita Sonalika, Director - UK, Confederation of Indian Industry (CII). CII’s India Business Forum UK delegation participated at the event and included senior representatives from Air India, State Bank of India, V-campus, ITC Infotech and Times of India.

Tim Newns, chief executive of MIDAS, said: “Greater Manchester has traded with India since the Victorian era and Make in India, Innovate with Manchester provides us with the opportunity to collaborate and take this relationship to the next level. Greater Manchester has the skills and expertise in innovation, through our universities and private companies, to support India’s ambitions whilst also fuelling the ambitions of our local companies and research institutions which can add significant value. Shuchita Sonalika, Director - UK, CII made a presentation on the upcoming Tech Summit, a major bilateral India-UK initiative to promote technology and knowledge-driven trade, investment and partnerships, which will be held from 7 – 9 November in Delhi.

Panel discussion on Make in India, Innovate in Manchester. Seated L-R: Prof Luke Georghiou, Director of Policy Research Programme. Innovation, Management and Pol icy Research, Manchester Business School, Jo Ahmed, Partner, Deloitte LLP, Shuchita Sonalika, Director and Head – UK, CII and Prof Nigel Mellors, Pro-Vice-Chancellor for Research & Enterprise, University of Salford.

estimated cost to the UK economy is almost £500m per year and over 8,000 jobs. France has now leapfrogged the UK as India’s most visited European nation, attracting 500,000 visitors from the subcontinent in 2015. In October 2015, the Prime Minister, David Cameron, announced a pilot scheme for a two-year UK-China visitor visa costing £87. The report recommends that Indian nationals have the same opportunity. At present Indian visitors continue to pay a hefty £330 for a two-year visa, or £87 for six-months. UK-Indian relations are strong. They share deep economic and cultural ties – most notably through the Indian diaspora of 1.4 million. Indian business visitors also spent £201m in 2015; almost three times the average spend on business trips to the UK. However with the number of Indian tourists growing 10% year-on-year the UK should be capitalising on its immense potential for attracting visitors.

The report, authored by Tim Hewish, Director of Policy and Research at the Royal Commonwealth Society was launched on 5 July in the House of Commons, supported by Nigel Huddleston, the Member of Parliament for Mid Worcestershire, who said; “I believe that the changes advocated in this report would help re-establish the UK as

the leading destination for Indian visitors by making a clear statement that we are open for business.” Chandrajit Banerjee, Director General, CII and Dr Naushad Forbes, President, CII participated in a panel discussion and came out in strong support for the policy and even suggested that India consider a reciprocal arrangement. Next year offers the most opportune time to introduce this change with 2017 designated the UK-India Year of Culture, also marking 70 years of Indian Independence. Throughout 2017 both nations will see a strong collaboration in business, art, music, design and much more. Having a cheaper and extended UK visitor visa will help enhance these endeavours.

The full report ‘A Passage from India - Improving UK visitor visas for Indian nationals’ and an Infographic can be downloaded at:

https://www.thercs.org/assets/Research-/India-Visa-Report-online-copy.pdf

https://www.thercs.org/assets/Research-/RCS-IndianVisaInfographic-2pp-web.pdf

Panel discussion at the Tourism Policy report launch.Seated L-R: Nigel Huddlest on MP - Mid Worcestershire, Deirdre Wells OBE Chief Executive, UKinbound, Tim Hewish, Director of Policy and Research at the Royal Commonwealth Society, Dr Naushad Forbes, President, CI I and Co-chairman, Forbes Marshall, & Chandrajit Banerjee, Director General, CII.

Shuchita SonalikaDirector and Head – UKConfederation of Indian Industry (CII) C/O Confederation of British Industry (CBI)Cannon Place, 78 Cannon Street, London EC4N 6HNPhone (UK Office): +44 20 7395 8076Email: shuchita.sonalika@cii.inWeb: www.cii.in/uk