The UK Business Council (UKIBC) has signed an MoU with the government of Telangana to increase the potential and growth of future UK investments in the state during a delegation of UK businesses to the State.
UK organizations employ almost 10,000 individuals crosswise over Telangana. The State has gone to uncommon endeavours to bring business to the people of state and policy like State Project Approval and Self Certification System (TSiPASS) which gives firm regulatory authorizations and clearances in 15 days for expansive scale projects.
Under the MoU, both parties will coordinated effort by sharing data, advancing reform that will ease doing business, smoothen investor interaction, and guarantee State authorities know about the requirements of UK business.
The MoU was signed in Hyderabad by Shri Jayesh Ranjan, Principal Secretary to Government Industries and Commerce, Government of Telangana and Mr. Kevin McCole, Chief Operating Officer of UKIBC.
Talking on the event Kevin McCole, COO, UKIBC stated: “The world knows Hyderabad as the digital capital of India, playing an undeniably vital job in both the Indian and worldwide economy. This MoU is tied in with perceiving these qualities and bolster UK organizations and colleges and the Government of Telangana to grow together as a natural partner.”
Shri Jayesh Ranjan, Principal Secretary to Government Industries and Commerce, Government of Telangana expressed: “We are pleased to sign this arrangement with UK India Business Council. UK and India share incredible collaborations in trade and investment, which have grown in recent past years. Telangana’s numerous venture advancement plans, business-accommodating facilities, regulatory facility top incubate companies act as a noteworthy fascination for the UK based business. All things considered, we’re sure that this MoU will additionally assist us with boosting the interest in the state and expand our development potential.”