Industry & Economy
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Foreign Trade
Indo-UK business awards instituted
Our Bureau
Kolkata
,
March 24
As part of the ongoing efforts to strengthen Indo-UK trade relations, the UK Government has formally launched the `UK Trade & Investment India Business Awards' effective 2006. The awards are co-sponsored by Barclays Bank, BMI, Grant Thornton, London Stock Exchange and Taj Group of Hotels.
The Acting Deputy British High Commissioner to Eastern India, Mr Kevin McCole, and the Director of the UK's Inward Investment Group in India, Mr Mark Dolan, told newspersons here on Friday that this was the first-ever business award set up by any Government to recognise India's success in global business.
Mr Dolan said they would serve to highlight the business relationship between India and the UK, as well as acknowledge and honour those businesses and professionals in both countries who have contributed to this relationship.
He said India is the sixth largest among all Asian investors in the UK, while it enjoys eighth position among all investing countries in the UK as against Japan ranking first and China second.
The British economy attracted foreign investments of about 160 billion in 2005.
Mr Dolan said the selection panel for the awards is composed of distinguished business personalities from India and the UK and is chaired by the British High Commissioner in India, Sir Michael Arthur. Nominations for the awards will be accepted until June 30, from Indian and British companies excelling in knowledge-based industries, including IT, Software, BPO, Pharma, Biotech, Healthcare and Engineering Services. There would be a total of seven awards.
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