BUSINESS AND INVESTMENT

UK AND USA


LABA’s President Japsal Singh Minhas hosted a dinner for visiting army VIPS from around the world. 
The visit organised by the Cabinet Office is part of the Defence Academy, the internationally renowned Royal College of Defence Studies. 

The College prepares senior officers and official of the UK and other countries, and future leaders from private and public sectors, for high responsibilities in their respective organisations, by developing their analytical powers, knowledge of defence and international security, and strategic vision. The course runs for an academic year from September to the following July.

The course builds up to demanding study visits of countries in different regions of the world. Before the members are asked to examine the prospects for these countries, they are given the opportunity to look objectively at the UK. 

Each tour consists of some 17 members and one or two staff, including the tour leader. The majority of the tour party will be from overseas. 
The aim of the visit said Uday Dholakia, Chairman of LABA “was to examine, at first hand and from a strategic perspective, the prospects for the stability, security and prosperity of the United Kingdom as evidenced by the part of the UK visited”. 

Mr Dholakia led a presentation on the role of LABA and the increasingly important role British Asian business communities play as economic drivers for the UK plc in terms of; business growth, job creation, international trade and inward investment. 

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Coming against the prevailing trade disputes and generally lackluster news on the US-India trade relation’s front, a recent delegation of US investors brought good cheer to the Indian FDI story. The members of this high powered delegation announced their readiness to invest USD 250 million worth of investments in India within the next 6-12 months.

The 12-member trade mission, which visited Delhi and Mumbai consisted of large US investors in sectors like logistics infrastructure, roads, power and energy, engineering, smart cities, manufacturing, and private equity. In its 3-day visit, the US trade mission had meetings with corporate leaders, and attended events and conferences in Delhi. One of the events that the delegation attended was the economic convention at Delhi that was addressed by BJP’s Prime Ministerial candidate, Narendra Modi.

“This delegation is indeed a very satisfying outcome of our efforts to promote economic diplomacy between the US and India and should lead to substantial FDI into these sectors along with technology transfer. The members of this trade mission have pledged cumulative investments of USD 250 million of clearly ready money. Plus another 500 million USD depending on projects availability over the next 12 months”, said Robinder Sachdev, Director of India affairs of the US India Political Action Committee (USINPAC) that organized the trade mission.

"India is a priority country for Isolux Corsan. We started our activities in India in 2006 and we are investing close to USD 3 Billion with a clear aim to keep growing in the country. We attended the conference at Delhi with USINPAC to gain further clarity on economic policies for the immediate future", saidAlfonso Perez-Bustamante, Director of Energy Investments in India, Isolux Corsan, one of the largest private construction companies based out of Spain in energy and infrastructure.

 

WRI AND GOPIO

APPOINTMENT

WRI India has announced that Dr. Nitin Pandit has been appointed as its first Managing Director, based in Mumbai. Pandit will direct WRI India’s program priorities and growth strategy. He will supervise WRI India’s staff in Mumbai, Bangalore, and Delhi, and work closely with its partners in government, business, civil society and academia. Pandit will be a member of the World Resources Institute (WRI) global management team and will provide critical input on the Institute’s overall strategy and projects.
“We are very pleased to welcome Dr. Pandit to this important position. He brings a deep breadth of experience and will drive WRI India’s strategy to support sustainable and equitable growth in India,” said Jamshyd Godrej, WRI India Chairman, WRI Board Member, and Chairman and Managing Director, Godrej & Boyce Mfg Co. Ltd. “India is facing many important challenges in the coming decades to deliver low-carbon energy, smart cities, and clean water. Dr. Pandit brings the experience and vision needed to position WRI India as a trusted partner in advancing these goals.”

WRI India, which was established as an independent organization in 2011, works with officials in local and national governments, business, and civil society to address India’s development challenges. Its staff uses independent research and analysis to identify solutions that are both economically and environmentally sound. It is inspired by WRI, a global research organization, to address environmental and human development challenges facing India.

“I am deeply honored to be taking this position at this critical moment when India faces urgent challenges and opportunities,” saidDr. Pandit. 

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BRISBANE FAIR

Thousands from the multicultural communities in Brisbane will come together to celebrate the iconic “India Day Fair 2014“ on Sunday, the 10th of August 2014, at Roma Street Parklands.

Global Organization of People of Indian Origin (GOPIO), Queensland chapter is organising this colourful event as part of 67th Indian’ Independence day celebrations. There will be parades from various Indian communities, Indian music, dance and cultural items running throughout the day, Indian henna - hand painting - will be available and the event will conclude with a mammoth fireworks.

GOPIO with the support of Federation of Indian Communities Queensland (FICQ) and other Indian associations celebrate India Day Fair every year with real vigour, charm and an abundance of colours. 

The event has been well attended by dignitaries in the past. Attendees included Mr Robert Cavallucci, Assistant Minister for Multicultural Affairs of Queensland, Hon. Annastacia Palaszczuk, Opposition leader, Lord Mayor Cr Graham Quirk, The Indian High Commissioner Hon. Biren Nanda., Mr Paul Pisasale, Mayor of Ipswich. Many such dignitaries will be attending the event.

Yousuf Alikhan, the president of GOPIO Queensland chapter said “The main outcome of this harmonious, multi-cultural and multi-racial event is to promote multiculturalism, improve cultural tolerance and promote community harmony. It provides an opportunity to showcase the cultural and regional diversity of India to the wider Queensland community. The event is widely supported by various communities in Queensland and by the Brisbane City Council, the Lord Mayor, and the Queensland government”, stated Yousuf.

March 2014


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