UK India Business Council
Encyclopedia
UK India Business Council (UKIBC) is a membership-based, non-profit
organisation founded in 2007 to foster trade and business relations between the United Kingdom
and India
. The organisation works with businesses in both countries, as well as the UK
and Indian
governments, to promote and increase bilateral trade.
and P. V. Narasimha Rao
in 1993. In 2005 this evolved into a private limited company
called the 'Indo British Partnership Network (IBPN) led by Lord Bilimoria
, the organisation's current President. With the organisation receiving increased investment in 2007 from the UKTI
under direction from then UK Chancellor
Gordon Brown
, Sharon Bamford was appointed CEO to oversee the transition of the organisation.
In 2010, Richard Heald, former Vice-President of the Indian
arm of N M Rothschild & Sons
was appointed the new CEO of the organisation.
in the Millbank
area of the City of Westminster
.
Non-profit organization
Nonprofit organization is neither a legal nor technical definition but generally refers to an organization that uses surplus revenues to achieve its goals, rather than distributing them as profit or dividends...
organisation founded in 2007 to foster trade and business relations between the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. The organisation works with businesses in both countries, as well as the UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and Indian
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
governments, to promote and increase bilateral trade.
History
UKIBC has its origins in the Indo British Partnership (IBP) initiative, signed by then Prime Ministers John MajorJohn Major
Sir John Major, is a British Conservative politician, who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 1990–1997...
and P. V. Narasimha Rao
P. V. Narasimha Rao
Pamulaparti Venkata "Narasimha Rao" was the ninth Prime Minister of India . He led an important administration, overseeing a major economic transformation and several home incidents affecting national security of India. Rao accelerated the dismantling of the Licence Raj. He is often referred to as...
in 1993. In 2005 this evolved into a private limited company
Private company limited by shares
A private company limited by shares, usually called a private limited company , is a type of company incorporated under the laws of England and Wales, Scotland, that of certain Commonwealth countries and the Republic of Ireland...
called the 'Indo British Partnership Network (IBPN) led by Lord Bilimoria
Karan Bilimoria, Baron Bilimoria
Karan Faridoon Bilimoria, Baron Bilimoria CBE is an entrepreneur and a life peer. He is best known as one of the two founders and chairman of Cobra Beer.-Early life:Bilimoria was born in Hyderabad, India of Parsi Zoroastrian descent....
, the organisation's current President. With the organisation receiving increased investment in 2007 from the UKTI
UK Trade & Investment
UK Trade & Investment is a UK Government department working with businesses based in the United Kingdom to ensure their success in international markets, and encourage the best overseas companies to look to the UK as their global partner of choice ....
under direction from then UK Chancellor
Chancellor of the Exchequer
The Chancellor of the Exchequer is the title held by the British Cabinet minister who is responsible for all economic and financial matters. Often simply called the Chancellor, the office-holder controls HM Treasury and plays a role akin to the posts of Minister of Finance or Secretary of the...
Gordon Brown
Gordon Brown
James Gordon Brown is a British Labour Party politician who was the Prime Minister of the United Kingdom and Leader of the Labour Party from 2007 until 2010. He previously served as Chancellor of the Exchequer in the Labour Government from 1997 to 2007...
, Sharon Bamford was appointed CEO to oversee the transition of the organisation.
In 2010, Richard Heald, former Vice-President of the Indian
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
arm of N M Rothschild & Sons
N M Rothschild & Sons
N M Rothschild & Sons is a private investment banking company, belonging to the Rothschild family...
was appointed the new CEO of the organisation.
Headquarters
The UKIBC is headquartered on the 12th floor of Millbank TowerMillbank Tower
Millbank Tower is a high skyscraper in the City of Westminster at Millbank, on the banks of the River Thames in London, in the United Kingdom. The Tower was constructed in 1963 for Vickers and was originally known as Vickers Tower. It was designed by Ronald Ward and Partners and built by John...
in the Millbank
Millbank
Millbank is an area of central London in the City of Westminster. Millbank is located by the River Thames, east of Pimlico and south of Westminster...
area of the City of Westminster
City of Westminster
The City of Westminster is a London borough occupying much of the central area of London, England, including most of the West End. It is located to the west of and adjoining the ancient City of London, directly to the east of the Royal Borough of Kensington and Chelsea, and its southern boundary...
.
Strategic Partners
The UKIBC is partnered with several notable companies. These include:- UK Trade & InvestmentUK Trade & InvestmentUK Trade & Investment is a UK Government department working with businesses based in the United Kingdom to ensure their success in international markets, and encourage the best overseas companies to look to the UK as their global partner of choice ....
- Standard CharteredStandard Chartered BankStandard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...
- Isle of Man FinanceIsle of Man GovernmentThe Isle of Man Government is the government of the Isle of Man. The formal head of the Isle of Man Government is the Lieutenant Governor, representing HM Queen Elizabeth II, Lord of Mann...
- Microsoft UKMicrosoftMicrosoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
- PricewaterhouseCoopersPwCPricewaterhouseCoopers is a global professional services firm headquartered in London, United Kingdom. It is the world's largest professional services firm measured by revenues and one of the "Big Four" accountancy firms....