Reimagine@75: Growing up the Living Bridge

Speaker


Rt Hon Priti Patel

Secretary of State for the Home Department, UK Government

Key Takeaways
  • IGF is the forum that brings UK-India together. We are rooted together – culturally, people, education, skills and economy
  • To demonstrate the Quantum leap between the UK and India, we must look at the strength of the bilateral relationships – how personal is it?
  • We have introduced points-based immigration system. We campaigned on it in the 2019 elections. The nationality that tops the list is India

UK-India Trade and Commerce Town Hall

UK-India FTA – Is a Deal Now in Sight? Not long ago, many sceptical voices were expressing doubt that a UK-India FTA was a realistic proposition. Now a signed agreement could be as little as six months away. We ask our expert panel how extensive the impact and opportunities of any eventual agreement could be, what they would like to see from it, and what potential sticking points may still remain.

Speakers


Aileen Keyes

Head of International Public Policy, Diageo


Lord Karan Bilimoria

President, CBI


Ashok Swarup

Non-Executive Director, Sannam S4


Ben Wreschner

Chief Economist & Head of Public Affairs and Campaigns, Vodafone Group


Tim Jones

Executive Director, Tata Ltd

Key Takeaways
  • India is on the move. And the FTA can power the UK-India relationship in the years to come.
  • Movement of people is going to be important. Business leaders need mobility, and this should be part of the FTA.
  • There are about 600 British companies invested in India providing 320,000 jobs. Indian investments in UK have created 90,000 jobs in UK.
  • Industry hopes that the FTA between UK-India will see a decrease in tariffs & import duties, boost growth of SME institutions, significantly increase investment and result in increased jobs and prosperity prospects.

Investment and the 2030 Roadmap

Realising the full ambitions of the 2030 Roadmap will require spurring mutual investments to their full potential – especially in areas like Indian manufacturing, renewable energies, electronics, telecoms and so much more. We hear from Invest India’s CEO on the steps needed to take investments to the next level.

Speaker


Deepak Bagla

CEO, Invest India

Key Takeaways
  • Working towards Indian PM’s Innovation Programme, Invest India is a government body working to facilitate investment in India. Invest India has a dedicated team for the UK.
  • India closed the financial year with $83.5 billion FDI – the highest in its history. It came from 101 countries.

Reimagine@75: A New Era for UK-India Trade Relations?

IGF sits down with the UK’s Secretary of State for International Trade to discuss her vision for UK- India relations and the vital role trade, and a potentially imminent FTA can play within those. We will also touch on how she sees trade in the context of an apparent retreat in globalisation, and in the fight against climate change and the transition to net zero.

Speaker


Rt Hon Anne-Marie Trevelyan MP

Secretary of State for International Trade, Department for International Trade

Key Takeaways
  • The beauty of Brexit for UK is that we are in control of trade policy. We can determine where we want to be focussing our energies and unlocking trade barriers.
  • For UK businesses, access to an economy projected to be third largest by 2050, a population of 1.4 billion people could be transformative.
  • The negotiations can be tough. Success comes through compromise and cooperation on both sides. There are times when we need to meet each other in the middle.
  • Business growth depends on people and businesses know where the talent is. India already dominates the global talent network.

Reimagine Series: Post-Covid Healthcare Delivery – What Now What Next?

This blockbuster healthcare session sees both government’s top ministers discuss the next steps in implementing the objectives of the 2030 Roadmap as well as looking at resilience and recovery as we emerge finally from the covid pandemic. Experts from government and business will then take on the key questions as to how we continue to digitise and make healthcare more accessible, and more effective in the face of growing, ageing populations and a challenging macroeconomic outlook.

Speakers


Rt Hon Sajid Javid MP

Secretary of State for Health and Social Care, UK Government


Dr Mansukh Mandaviya

Union Minister for Health & Family Welfare, Government of India


Catherine Pollard

Director of Technology Policy, NHS England


Dr R S Sharma

CEO, National Health Authority of India


Sangita Reddy

Joint MD, Apollo Hospitals


Shyatto Raha

Founder & CEO, MyHealthcare


Priyam Gandhi-Mody

Author, Political Communications Strategist

Key Takeaways
  • With Covid, healthcare & emergency crisis management has emerged as another important collaboration area in an already strong UK-India healthcare partnership.
  • Post Pandemic, the healthcare partnership has seen a deeper collaboration. Both nations are working cohesively on measures to tackle new threats, develop pharmaceuticals rather than lockdowns to fight pandemics and to digitise the healthcare sector.
  • Digitisation is the future of healthcare; to ensure access to affordable health services to all. Creation of a research environment is necessary to harness healthcare data and proactively support global research channels.

India Meets Britain 2022 – What do the Numbers Behind the Headlines Tell Us Now?

Nobody knows more about the state of Indian Investment into the UK than Grant Thornton. Their India Meets Britain tracker is the first stop for anyone looking to take the pulse of this vital trade and investment corridor. This session explores the latest findings, and how despite adverse conditions, the growth in business continues to defy expectations.

Speakers


Anuj Chande

Partner, Head of South Asia Group, Grant Thornton


Simon Arora

Chair, Manchester India Partnership


Sally Ronald

Deputy Director Investor Relations, Department of International Trade


Venugopalan Muralidharan

President, Aurobindo Pharma


Anupam Mathur

UK CEO, Hero Cycles (Insync Bikes)

Key Takeaways
  • The UK-India business growth, trade and investment corridor has seen gone through a significant rise – with over 900 Indian companies in UK with a combined turnover of USD 54.4 billion.
  • This is despite the significant macroeconomic challenges that could have held back investment.
  • In terms of diversity, we have seen an increase in women representation on the boards of Indian subsidiaries in the UK. But there is more to do to create better representation.

Global Disruptors Series

Speakers


Anil Shetty

Startup Investment Banker and Founder, MetaMan


Priti Sawant

Founder & CEO, JoulestoWatts

Key Takeaways
  • Technology industry is fast paced. It’s all about how we can do things faster – building efficiencies and cost arbitrage.
  • The entrepreneurial journey is not always straightforward. And can be full of successes and failures.

Future of Mobility: Building Sustainable Travel for All

The journey towards a sustainable planet won’t happen in one go, but in many incremental, but crucial steps. Expanding the accessibility and availability of electric mobility will be one especially important step in that journey. IGF sits down with some of India and the UK’s leading pioneers in this field to ask how it can be done!

Speakers


Anmol Jaggi

Co-Founder & CEO, BluSmart Mobility


Sophia Nadur

Managing Partner, BP Ventures

Key Takeaways
  • UK & India are leading pioneers in sustainable mobility. BluSmart will be the first all-electric ride hailing app to go profitable.
  • BP keen to accelerate the energy transition in India and find ways to encourage the entire value chain to move faster towards the electrification of transport options.
  • India is one of the world’s largest original equipment manufacturers. Learning how to produce low cost EV’s will be a crucial development.

Reimagine Series: Shaping the Future of Digital in the UK-India Relationship

India’s Minister for Skill Development, Entrepreneurship, Electronics and IT joins us to discuss how India and the UK can look to harness the power of digital to expand access to vital services, and level up opportunity in our societies. We’ll also discuss the importance of digital as part of ambitions for a ‘Quantum Leap’ in UK-India relations and what a joint digital future can look like.

Speaker


Dr Rajeev Chandrasekhar

Minister of State for Electronics and IT, Minister of State for Skill Development & Entrepreneurship

Key Takeaways
  • Both India and UK want to dramatically expand the innovation economy and the future of tech will be determined by collaborative efforts. India wants to reach 25% of the total economy as digitally based.
  • Previously in India, every piece of equipment was imported. Fast forward to 2022, in the era of 5G, India is designing 5G gears.
  • In the growth of the internet and big tech influence, we are at an inflection point. Safety and trust will be paramount, and India cannot do that alone, we need to work with partner countries in shaping the future of a secure internet.
  • We as policymakers must look at data from the prism of user safety of the Internet, which is designed to be a force of good, but also represents a force of user harm and online safety challenges. We cannot do this as India alone or the UK alone. Needs to be done by bringing together countries with similar values.

‘A Disruption’ by Dr Shashi Tharoor

Speaker


Dr Shashi Tharoor MP

Member of Parliament for Thiruvananthapuram, Lok Sabha

Key Takeaways
  • Dr Tharoor was the leading twitter user in India for a while. Taken over by Sachin Tendulkar first, and then various Bollywood stars. He was the leading politician till July 2013 when Narendra Modi took over.
  • Social media is incredibly useful for disrupting the mainstream media narrative. Modi and others have been successful here. The directness of it can also be dangerous and democracies must work on how to handle that.
  • Every society must be aware of how it came to where it is today. A sense of history is important for every society. But to use history to continue to affect present and future is unwise.

Beyond the Boom: Building a Lasting Legacy for Nykaa

In a world where multibillion dollar companies are now built in just a few years, it seems odd to think about legacy and the lasting foundations of a business, potentially passing from one generation to the next. Nykaa, however, do have to tackle these questions, setting the course for the longer- term journey of a company that has surpassed all expectations in the speed of its growth so far.

Speaker


Anchit Nayar

CEO, Beauty E-commerce, Nykaa

Key Takeaways
  • Nykaa discussed the long-term journey of the company, its legacy and drivers of its growth.
  • Founder Falguni Nayar understood the importance of building sustainable business and not focus on valuations which becomes focus for a lot of entrepreneurs.
  • Nykaa are also a digitally native company with 400-500 engineers who are solving customers’ problems.
  • Being customer centric is the key – Indian customers are now embracing digitisation and are in tune of the global business landscape.
  • With Indian ayurvedic brands being recognized globally, Indian ayurvedic beauty products could be the next global trend.

Reimagine Series: Digitising Financial Services for Greater Access

This session sees several pioneering companies come together across of range of different financial product areas. What unites them? Their use of digital solutions to improve accessibility to services that previously were more exclusive and more bureaucratically cumbersome. At a time of tough economic headwinds, we ask how their products can help to keep finance flowing.

Speakers


Shivashish Chatterjee

Co-Founder, DMI Finance


Suhail Sameer

CEO, BharatPe


Dipesh Shah

Executive Director (Development), IFSCA GIFT City


Abhimanyu Munjal

CEO, Hero FinCorp

Key Takeaways
  • India is a heavily credit-crunched market. Banks don’t necessarily do a great job because of the demographics of the country to cater to the last mile.
  • This is where the companies here come in, often offering services to people who are new to credit and have never had conventional loans.
  • They have developed themselves into socially responsible money lenders providing sensible R.O.Is. With RBI helping these financial service providers by balancing innovation and “putting the guard rails out there.
  • GIFT city gives India has a separate platform for global investors to come in which is outside the purview of applicable domestic laws.

Reimagine Series: Reskilling for the 21 st Century

As the global economy changes and digitises, so too, rapidly are the skills required to thrive within it. The pandemic has also thrown a sharp focus on the possibilities of inclusive digital education, even after Covid has receded. Our speakers here consider UK-India collaboration and the rapid changes in this sector required for the next generations to succeed.

Speakers


Bhanu Potta

Chief Growth Officer, Worldreader


Namya Mahajan

Co-Founder, Rocket Learning


Professor Yogesh Singh

Vice Chancellor, University of Delhi


Professor Christopher Tucci

Professor of Digital Strategy & Innovation, Imperial College London


Rohan Patel

SVP Engineering, Builder.ai

Key Takeaways
  • India is opening its higher education system to encourage greater international participation. This should help increase the two-way flow of students between the UK and India.
  • With both countries attempting to increase the proportions of their digital economies, expanding the talent pool is critical. Greater collaboration could help plug gaps in key areas such as engineering and software building.
  • In India, public policy framework is good but its lacks recognition of private players & implementation.

Reimagine Series: Resetting Globalisation

Recent events, including the Covid-19 pandemic and a major new European war have led some prominent figures to question whether the future of globalisation itself is now at stake. Increasingly nervous of cross-border dependencies, the theory goes, companies and governments alike will look to self-sufficiency as their new mantra. In this special session with Standard Chartered CEO, Bill Winters, we’ll put that theory to the test, asking whether a long-term retrenchment is really in anybody’s interests, and how a more positive ‘Reset’ of globalisation might provide an alternative.

Speaker


Bill Winters

Group Chief Executive, Standard Chartered Bank

Key Takeaways
  • Globalisation has lifted billions out of poverty and remains the best way of continuing to do this.
  • But there’s going to be recalibration of supply chains with security in mind. India stands to be a crucial partner here.
  • SC have incubated several women-owned or controlled businesses – offering them mentoring and finances, and eventually converting them into clients. By creating a space for women to learn, live and grow in new economy, we can make a real difference.
  • Two saving graces in current economic picture. The economic momentum going into this crisis is good. The financial system is strong. When the financial system is strong, the economic cycles tend to be slightly buffered.

Reimagine Series: The Global Economy’s Great Pivot

For the global economy in recent years, it has been one problem after another. Years of blighted growth courtesy of the pandemic have transformed into an energy crisis and soaring inflation whilst geopolitical risk is at its worst for decades. A great pivot is also now taking place. Western economies are seeking to rearrange their supply chains to minimise exposure to China and Russia, whilst tech continues to provide the greatest hopes for renewed productivity and growth. We ask our esteemed speakers for their insights on these issues and how India take advantage of the potential opportunities they offer.

Speakers


Lord Jitesh Gadhia

Parliamentarian, House of Lords


Sanjay Nayar

Senior Advisor, KKR India


Shamik Dhar

Chief Economist, BNY Investment Management


Sanjeev Sanyal

Member, Economic Advisory Council to the Prime Minister (EAC-PM)

Key Takeaways
  • The end of easy money is among the big pivots going to be with us for a while which will be big issue for both UK and India for the next couple of years.
  • We are in a very fluid geopolitical situation. The last time we were in this kind of situation before the first World War – we are seeing an oscillation in the markets between fear and greed, which is never good.
  • Good news being UK-INDIA exploring their FTA and discussions are quite advanced - India one of the few countries that has eased many regulations in recent past, especially in sectors like drones and geospatial. India is in a good shape as well, considering its emerging financial sector.
  • We must harness local pools of capital; create business models at local levels; governments must fast track sources of financing.

Surviving to Thriving with Arianna Huffington

Most of us spend a lot of time in the pursuit of wealth and power. Not enough! - says Arianna Huffington who believes that no life is sustainable without the all-important ‘third metric’. In this closing session, we will touch upon Arianna’s views on living a balanced life, employee mental wellbeing, and how employers can help during a turbulent geopolitical and macro-economic period.

Speakers


Arianna Huffington

Founder and CEO, Thrive Global


Srinivasa Rao

Global Vice Chair, Global Delivery Services


Prof. Manoj Ladwa

Founder & CEO, India Global Forum, EY

Key Takeaways
  • We need to debunk the notion that success means relentless availability for work.
  • Micro steps needed to transform work practices and culture.
  • Ancient Indian wisdom a big inspiration for Arianna and the work Thrive is doing around mental health.