NIFTY 50

UK companies want to invest more in India, says UKIBC

Updated : November 20, 2018 10:38 PM IST

Companies from the UK want to invest more in India and would like to see some liberalisation around insurance, food retailing on pan state basis which will allow them to benefit more, said Richard Heald, CEO, United Kingdom-India Business Council (UKIBC).

"Taxation remains an issue in India. However, digitisation is coming in but people are looking at consistency of application," Heald said.

The (UKIBC) Ease of Doing Business Report, released on Tuesday, highlights that UK businesses’ perceptions of corruption as a barrier to operating in India has halved since 2015. Another key finding was that a remarkable 46 percent of UK Businesses responding had plans to expand their investments in India in the next 12 months.

On foreign direct investment (FDI), he said, “We have not seen the rollout FDI in a way that the government hoped when it introduced liberalisation.”
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV