UK Trade and Investment (UKTI) is the principal Government organisation for the promotion of trade and investment with India. In 2007 UKTI increased its staff in India by 18 per cent. to better support British business and inward investment. In 2007-08 and 2008-09 UKTI allocated grant funding to the newly created UK India Business Council (UKIBC)—a business-led organisation specifically tasked with supporting Government in the promotion of bilateral trade, business and investment with the two countries. We have also refreshed the UK-India Joint Economic Trade Committee (JETCO) dialogue, which my noble Friend the Secretary of State co-chaired with Minister Nath this January as part of a wider trade and investment visit to India.
We continue actively to develop trade and investment links, through the ongoing work of our team in India and the UK, and have commissioned research by the UKIBC into the opportunities represented by India’s second tier cities—the results of which will be released shortly. We are also recruiting a supply chain specialist and have put in place a new initiative, Fiscal Compass, which will help UK companies capitalise on overseas business opportunities arising from fiscal stimulus spending, including in India. My noble Friend the Minister for Trade and Investment is planning to visit India later this year, to further promote trade and investment.
£ 2008-09 22,033,261 2007-08 1,964,507 2006-07 1,842,356 2005-06 1,213,472 2004-05 872,234 1 Figures may slightly under-report the total programme expenditure on India as they do not take account of UKTI multi-market initiatives where the India costs are not specifically identified. 2 Estimated outturn.
£ 2007-08 7,018,563.28 2006-07 5,028.766.97 1 2008-09 figures are not yet available. 2 Staff and establishment cost for UKTI in the years prior to 2006-07 were included in the general FCO compliment in India and are therefore not specifically identifiable.
UK Trade and Investment (UKTI) is the principal body concerned with promoting trade and investment with India. The network in India consists of officials (full-time equivalent) at the following grades:
AA AO EO HEO SEO Grade 7 Grade 6 SCS Total Present 1.9 9.3 32.1 34.95 0.7 3.7 1.7 1.95 86.3 2007 6.35 34.99 8 23.85 1.7 1.95 1.8 1.78 80.42 2006 3.1 35.35 7.8 20.63 2.65 2.05 0.8 1.6 73.98 2005 4.1 37.48 7.35 20.26 2.7 1.95 0.55 1.95 76.34
Historical staffing levels for the period 1998 to 2004 are not available in a format that provides a meaningful comparison with the subsequent data.
The South Asia Team in International Group, UKTI consists of seven officials and is predominantly focused on India but it also has responsibility for trade and investment issues in other South Asian markets.
Similarly other officials in UKTI and BERR contribute towards the promotion of trade between the UK and India but it is not possible to quantify exact staffing levels as this is only part of their role.
In each of the two financial years 2007-08 and 2008-09 we paid to the UK-India Business Council (UKIBC) a grant of £1,000,000.00.
The purpose of the grant is to finance the UKIBC’s advice and assistance to UK businesses doing or seeking to do business in India. This complements the services offered by UKTI in the UK.
UKTI, within BERR, provides services to companies not only from India, but across the globe. This includes: promoting the attractiveness of the UK to investors; a free consultancy service to foreign owned companies wishing to locate in the UK; direct access to Government Departments (and HMG policy) and introductions to private sector advisors wherever possible. Relationships between UKTI staff in London and overseas and with the UK regions provide a seamless service to clients.
UKTI, working with the regional development agencies and the devolved Administrations, maintains links with strategic companies once they have invested in the UK via the Investor Development programme. UKTI systematically gathers feedback on issues of concern to established inward investors, bringing these to the attention of relevant Government Departments and Ministers as appropriate.
UKTI does not offer specific services around joint ventures or mergers and acquisitions but provides services to assist with the trade and expansion efforts of companies that establish in the UK. UKTI does not provide finance to companies locating in the UK, but does provide strategic and operational advice via the UKTI/RDA/private sector networks.