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Corporate Feb 15, 2013

British PM to push for more banking access during India visit

By Firstbiz Staff

A 100-member business delegation will accompany the British Prime Minister David Cameron to India. The delegation will have representatives from the industries of defence, infrastructure, education, retail and healthcare, government sourced confirmed to CNBC TV18.

Reuters

Reuters

The talks will see UK push for easier rules in the insurance and pension sector in India as well as pushing for more banking access in the country. Although the government delayed the implementation of controversial rules on tax avoidance to 2016, the Vodafone tax issue is likely to be discussed.

Sources also confirmed that the government will discuss the stringent UK visa regime with the PM and visa concerns for Indian businesses have largely remained unaddressed. The government will also push for a social security pact with the country as well as seek easier access for healthcare firms in India and a better market access in farming and textiles industries.

by Firstbiz Staff

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