UKIBC opens third business centre in India at Mumbai

Lord Mayor Of London Alan Yarrow Tuesday inaugurated the UK-India Business Council's new Business Centre in Mumbai, its third in India.

The centre in Mumbai - after Gurgaon and Bangalore - is part of an expansion strategy to support British companies in doing more business with India and reaffirm Britain's position as the largest investor in India, officials said.

The Mumbai Business Centre will provide a home away from home and end-to-end in-country support for British businesses looking to setup or expand their operations in western India, exploiting its unique position in the country's financial capital.

To mark the occasion, the UKIBC and TheCityUK, the representative body for Britain-based financial and related professional services, announced a new strategic partnership to provide aligned and business-focussed approach to key issues facing British financial and related professional services firms operating in India.

In view of the leading role played by British financial and related professional services firms in India for FII and FDI flows, the new partnership would work to ensure that these firms continue to build on this leading position and remaing relevant to India's agenda, they said.

The Mumbai Business Centre will work closely with UKTI in western India, British business groups in Ahmedabad, Mumbai, Goa and Pune to build trade and investment between the two countries.