18 February 2013
LCCI Chairman accompanies Prime Minister to India to promote business opportunities
London Chamber of Commerce and Industry (LCCI) Chairman, Subhash Thakrar, is accompanying Prime Minister David Cameron on his three-day trade mission to India this week.
The LCCI is among over 100 organisations on the mission to promote British business - with a particular focus on opportunities for small and medium sized enterprises (SMEs).
India is the 15th most popular destination for UK companies to export2 to but the LCCI believes that there is much more that can be done to open up India to London companies.
Subhash Thakrar, Chairman of the London Chamber of Commerce and Industry, said:
"India is a country that holds fantastic potential for London business and, as part of the British delegation, I will be using every opportunity to promote stronger trade links between London and the vast Indian market of one billion-plus consumers.
"To be successful, the right business environment needs to be in place, so during this trip I will press upon the UK ministers that practical support needs to be given to help companies identify products and services that can be exported along with responsive policies that enable those companies to trade.
"Of course, trade is a two-way process and we need to be doing all we can to ensure the UK is an attractive place to invest and do business with. It should be noted that in recent
years, there has been a slight decline in UK trade and investment with India. The reasons for this may be varied but all must be addressed.
"Chief among these is ensuring that London is seen to be 'open for business' - we have consistently voiced concerns that the UK visa process may be regarded as restrictive by Indian business people and I'm pleased that the Prime Minister has today introduced a same-day visa service for these business people."
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NOTES TO EDITOR:
1) The London Chamber of Commerce and Industry (LCCI) is the capital's largest and most representative business organisation, with members ranging in size from multi-national companies to SMEs and sole traders.
2) UPS report Exporting the Olympic Spirit - http://newlogistics.ups.com/cdn/en-GB/whitepapers/Exporting-the-Olympic-Spirit.pdf.