Source: News Bharati English08 Dec 2016 15:39:39
New Delhi, December 8: The India-UK Conference on ease of doing business has been inaugurated today by Ministry of Commerce and Industry Ramesh Abhishek and British High Commissioner Sir Dominic Asquith in New Delhi. The Conference aims to boost the strategic bilateral partnership between the two countries to the next level.
This conference will provide a forum for experts from both countries to share best practice – and to make the connections that will lead to further collaboration in the future. Following the commitments made by UK Prime Minister Theresa May and Prime Minister Narendra Modi last month, partnership is important because of the role that the business environment plays in encouraging trade, investment, innovation and economic growth.
This two day conference will witness the experts from India and UK to discuss the issues related to ease of doing business including regulatory and inspection reforms, tax administration, trade facilitation, insolvency, electricity, land registry and standards
A Commerce Ministry statement described the conference as the "most ambitious" outreach yet undertaken on the ease of doing business, adding that it will act as a "springboard to propel the strategic bilateral partnership between the two countries to the next level".
The conference will showcase India’s focus on simplifying its business eco-system and making it a preferred business destination. "Representatives from various Indian state governments will also highlight their business reform action plan, implementation strategy, and lessons & leanings," Ministry said.
During the UK Prime Minister’s visit to India last month, both Modi and May witnessed the exchange of a Memorandum of Understanding on the ease of doing business, which said how the UK and India would work together to share expertise and best practice.
The conference is the next step in this process, to bring together the officials from State and Central Government in India with UK experts.