TISC PN26 0607

TRADE AND INDUSTRY COMMITTEE

COMMITTEE OFFICE HOUSE OF COMMONS
7 MILLBANK LONDON SW1P 3JA

Telephone: 020 7219 5777/5779

PN 26 of Session 2006-07

PRESS NOTICE

INDIA: ONE YEAR ON -
DEVELOPMENTS SINCE THE COMMITTEE'S 2006 REPORT

The Trade and Industry Committee is to review progress in the year since it published its report on Trade and investment Opportunities with India in June 2006.

The Committee raised concerns that UK companies were falling behind competitors elsewhere in Europe, in the US and the Far East in taking advantage of trade and investment opportunities with India and its rapidly growing economy, and that there is more to India than cheap call centres.

The Report highlighted:

  • Poor understanding among UK businesses of the Indian economy;

  • A prevailing view of India as a source of low-cost labour, rather than as a major emerging economy in its own right;

  • Distortion caused by media coverage and widespread discomfort with offshoring of UK service sector jobs to India;

  • Opportunities for investment in the manufacturing, automotive and aerospace sectors, and within the UK's higher education sector;

It also identified confusion among UK institutions supporting trade and investment links.

Since the Report was published, the European Commission has announced an intention to pursue a bilateral free trade agreement with India, and UK Trade and Investment has announced a new strategy - into which the Committee has separately inquired - which aims to channel resources into the major emerging economies, including India.

The Committee is interested to learn whether perceptions have changed during the intervening year, and will assess progress with the UK-India JETCO, and with how Government support and the new UKTI strategy have affected the landscape.

The Committee seeks written memoranda from interested parties focusing on salient developments over the past year and the issues raised in the Report. The Committee would welcome evidence by Wednesday 22 May 2007. Details of oral evidence hearings will be announced shortly after that date.

If possible, written evidence should take the form of a memorandum of no more than 10 pages with numbered paragraphs and should be submitted, as a MS Word document, by e mail to [email protected] with a single hard copy sent to the Clerk at the address above.

Once submitted, your written evidence becomes the property of the Committee and no public use should be made of it unless you have first obtained permission from the Clerk of the Committee. The Committee normally, though not always, chooses to publish the written evidence it receives, either by printing the evidence, publishing it on the internet or making it publicly available through the Parliamentary Archives. If there is any information you believe to be sensitive you should highlight it and explain what harm you believe would result from its disclosure; the Committee will take this into account in deciding whether to publish or further disclose the evidence.

For data protection purposes, it would be helpful if individuals wishing to submit written evidence send their contact details in a covering letter or e-mail.

For further information please contact the Committee Office on 020 7219 5777/5779.

24 April 2007

ENDS