The partnership between the UKIBC and the Government of Telangana has already led to two UK business delegations to the State and a further delegation of leading UK universities.

The UK India Business Council (UKIBC) renewed its′ Memorandum of Understanding (MoU) with Industries and Commerce Department, Government of Telangana.

The interactions boost business investment, accelerate improvements in the ease of doing business, facilitate UK-Telangana business partnerships and expand higher education collaboration. The MoU was signed at a virtual roundtable by Jayesh Ranjan, Principal Secretary, Industries and Commerce Department, Government of Telangana and Kevin McCole, Managing Director, UKIBC in the presence of Mr. Andrew Fleming, Deputy High Commissioner, British Deputy High Commission - Hyderabad and UK businesses.

"It′s a real honour to sign this MoU with the Government of Telangana to extend and deepen our existing strong partnership. The State has dynamic and impactful political and bureaucratic leadership, which is one of the reasons why the UKIBC is so keen to engage and why so many UK businesses want to enter and expand their investment in the State. We look forward to our next delegation, which we hope will take place in Hyderabad rather than online, and we very much hope to welcome a Telangana Government-led business delegation to the UK," said Kevin McCole, Managing Director, UKIBC, while speaking on the occasion.

"We are pleased to renew this agreement with UK India Business Council. The existing MoU over the past year, has seen multiple UK delegations, resulting in business and higher education partnerships. UK and India share great synergies in trade and investment which have only grown in recent years. As we come out of the pandemic, Telangana′s multiple investment-promotion schemes, along with its business-friendly regulatory environment and resolution to pandemic related business activities, act as a major attraction for the UK based entrepreneurs and corporates.

The renewal of the MoU is a testament to our belief in this relationship with UKIBC and that it will further help us to boost the investment in the state and maximise our growth potential," said Jayesh Ranjan, Principal Secretary, Industries and Commerce Department, Government of Telangana.