Those Indian Alumni of UK institutions who have made significant contributions upon their return to India after their studies would be given a new Education UK Alumni Awards in Britain. They would be provided an all-expenses-paid study trip to the UK in tandem with their current profession.
The Business Secretary of Vince Cable would soon announce new measures that would be taken to tackle issues related to falling Indian student’s number in UK universities and business investment encouragement deals in the UK in Delhi on Friday. The Vince Cable is in India for a week long and would try to disperse the myths associated in the Indian students that UK universities are not welcoming Indian students. On the contrary they are about to announce that they would offer 396 new scholarships at 57 institutions across the UK in 2015 for students who would like to study at various under graduate and post graduate courses such as Engineering and IT at various universities around UK.
There has been a significant decline in the number of Indian students going to study at the UK universities for last few years which is effecting the British economy dearly as International students provide a worth around 3 billion Euro and bring critical skills to UK. Vince Cable would also address approximately 300 students at various leading science and technology institutes like BITS Pilani, K K Birla Campus in Goa as well as students from Hyderabad and Delhi via video links. Vince Cable would initiate the tour of India from Delhi and after that would go to Goa, Pune and Chennai where he would meet ministers and Indian and UK businessmen settled in the country to discuss about future plans.
Dr Cable said “Britain and India have long enjoyed a strong, collaborative business relationship - demonstrated by the fact that we are their largest investor in the G20 accounting for around 30% of their annual investment - while India invests more into the UK than any other country.”
Dr Cable further said, "From Indira Gandhi - India's first woman Prime Minister - to Olympic Park sculptor Anish Kapoor, UK universities have produced some of India's most eminent and talented graduates and I want that legacy to continue. With no limits on overseas student numbers and scholarships like the GREAT awards, the doors are open to Indian students to benefit from our world-class universities".
Dr. Cable is also schedule to announce a total of 33 million euro investment plan in various projects which would further strengthen the UK’s business relationship with India. He also pointed out that Indian investments in the UK create quite a lot of jobs in UK as well. In 2013 alone there were almost 74 new projects from India that opened up 4,482 job opportunities in UK.