The India-UK Conference on Ease of Doing Business concluded on 10 December 2016 in New Delhi. This conference on Ease of Doing Business would act as an opportunity to enhance the strategic bilateral partnership between the two nations to the next level.
The two-day conference was jointly inaugurated by Ramesh Abhishek, Secretary of Ministry of Commerce and Industry and Dominic Asquith, the British High Commissioner.
This partnership on Ease of Doing Business of the two nations is important because it will play a role that the business environment plays in encouraging trade, investment, innovation and economic growth.
The conference that included discussion on regulatory reform, inspection reform, tax administration and trade facilitation also brought together officials from state and central Government with UK experts.
The conference was arranged in the backdrop of commitments made by UK Prime Minister Theresa May and Prime Minister Narendra Modi in November 2016. The two committed to provide a forum for experts from both countries to share best practices, which will lead to further collaborations in the future.
During the UK Prime Minister’s visit to India in November 2016, both Prime Ministers Theresa May and Narendra Modi witnessed the exchange of a Memorandum of Understanding on the Ease of Doing Business. This MoU set out how the UK and India would work together to share expertise and best practice.