MIKA & Co joins Indo British Partnership Network (IBPN) as creative industries dialogue partner
posted on Thursday, November 15, 2007 05:20 PM
Author: Sanjay Kumar, June 2006
MIKA & Co is proud to be appointed member of the Indo British Partnership Network (IBPN).
The origins of the IBPN date back to 1993 with the creation of the Indo-British Partnership Initiative by the then British and Indian Prime Ministers John Major and P V Narashima Rao respectively. This corporate body has subsequently evolved to be called the Indo British Partnership and was incorporated as a private limited company, Indo British Partnership Network (IBPN), in April 2005.
Its principal mandate is to increase bilateral trade and investment between the two countries. It is backed by both governments and chaired by leading industry figures.
IBPN consists of representatives from leading UK companies from the fields of finance, healthcare, accountancy, business and legal services, tourism, the creative industries, education and other affiliated organisations including UK Trade & Investment, the Confederation of British Industry (CBI), The Princes Trust and International Business Link.
In 2005 Asia House, the leading pan-Asian organisation committed to broadening business and cultural links between Asia and the UK, following a competitive tender, was appointed to manage the Secretariat of the IBPN.
The objectives of the IBPN include:
• To establish an organisation and networking forum open to all British companies interested in trade and investment between the UK and India;
• To represent the views of British business at the annual meeting of JETCO;
• To identify ways for British SMEs to better access trade and investment opportunities in India;
• To encourage and support Indian companies to invest in the UK; and
• To inform HMG of private sector views on Indo-British bilateral trade and investment issues
Since 1993 it has achieved:
• UK-India bilateral trade of goods and services growth by almost 175% to £7.9bn;
• The UK is India’s fourth largest trading partner after the US, China and UAE;
• UK has achieved the third largest share (9.8%) of inward investment approvals over this time;
• Over 2000 new Indo-British joint ventures have been approved;
• The UK is the largest market for Indian IT services in Europe
The IBPN is supported by UK Trade & Investment; the Government organisation that supports companies in the UK doing business internationally and overseas enterprises seeking to set up or expand in the UK.
For further information please contact: Sanjay Kumar or Thomas Murphy.
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Notes for editors:
1. For further information: https://www.uktradeinvest.gov.uk
2. for further info on IBPN creative industries see: http://www.ibpn.co.uk/creative