Post on 16-Apr-2017
Highlights of PM Modi’s UK Tour
Agenda
• Political and Diplomatic impact• Trade and Investment• Proposed Investment in India• Proposed Investment in UK• Financial Services• Social & Cultural engagements
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
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
Investors Investment Amt Trade agreements
OPG Ventures $4350 million to set up a 3200 MW thermal & renewable power plant in Tamil Nadu
Lightsource Investment $3000 million to set up 3GW solar power generation infrastructure in 5 years.
Vodafone Investments $1950 million expanding services under Digital India and Make in India initiative.
King’s College Hospital $1500 million to open a new hospital in Chandigarh.
Kloudpad Mobility Research $150 million to manufacture, wearables, smart watches and tablets.
Merlin Entertainments $75 million to set up the famous Madame Tussauds Wax Museum in India.
Holland & Barrett International $30 million to set up 1000 outlets in India in joint venture with Apollo Hospitals Group
Genus ABS $1.5 million to invest in dairy genetics and a state-of-the-art plant in Pune.
Proposed Investment in India
Investors Investment Amt Trade agreements
Indiabulls $100 million to invest in OakNorth Bank Ltd in the UK
TVS Investment $30 million to open an Advanced Logistics Centre in the UK
SSPSL, a subsidiary of Strides Shasun
$12 million to 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
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
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
Thank You