<p> Ratan Tata, Chairman Emeritus of USD 100-billion Tata Group, today called for deeper partnership between India and UK, saying it would serve both the countries, apart from tapping the potential of Asia and Africa.<br /><br />"If India and England could be partners, both can not only serve the large Indian market but also cater to the third-party markets together.....like Asia and Africa," Tata said while addressing a luncheon session visiting British Prime Minister David Cameron had with India Inc at Taj Hotel.<br /><br />Tata Group patriarch also said his companies' experience in England has been very positive.<br />After the buyout of one of the largest British steel companies Corus and the iconic car brands Jaguar and Land Rover, Tata Group is now the largest manufacturer in England.<br /><br />"It has been a very pleasant experience in Britain; the value and the manner in which the government supports us," Tata said lauding the business environment in UK.<br /><br />He also said that the group had made the ambitious investments in steel and auto sector in Britain, without factoring in the financial meltdown.<br /><br />"We had no idea that there will be a financial meltdown in Europe, hence our rather ambitious investments," Tata said, adding while Jaguar and Land Rover is a great success story, the steel industry is facing problem due to the demand slowdown in the Euro region.</p>.<p>Tata also said that there should be more collaboration with England in the technology space as prospects of technology development there is enormous.<br /><br />Addressing the conference, industry body CII President Adi Godrej said there are various opportunities in infrastructure and manufacturing space for British companies to invest in this country.<br /><br />He further said business communities from both the countries are expecting the upcoming Budget to address their economic concerns.<br /><br />Standard Chartered Bank Group Executive Director and Chief Executive Officer for Asia Jaspal Bindra called for resolving the regulatory uncertainties and concerns about retrospective taxes at the earliest.<br /><br />Appreciating recent reforms and confidence-building measures initiated by Finance Minister P Chidambaram, Bindra said these addressed some of the concerns of the business community.<br /><br />Referring to economic challenges facing the country, HSBC Bank Country Head Naina Lal Kidwai said the domestic economy has to sort out taxation issues especially those related to retrospective taxation.<br /><br />She said new legislations like companies and insurance bills should be approved at the earliest and called for the introduction of the Goods and Services tax, saying it could give a major boost to the economy. </p>
<p> Ratan Tata, Chairman Emeritus of USD 100-billion Tata Group, today called for deeper partnership between India and UK, saying it would serve both the countries, apart from tapping the potential of Asia and Africa.<br /><br />"If India and England could be partners, both can not only serve the large Indian market but also cater to the third-party markets together.....like Asia and Africa," Tata said while addressing a luncheon session visiting British Prime Minister David Cameron had with India Inc at Taj Hotel.<br /><br />Tata Group patriarch also said his companies' experience in England has been very positive.<br />After the buyout of one of the largest British steel companies Corus and the iconic car brands Jaguar and Land Rover, Tata Group is now the largest manufacturer in England.<br /><br />"It has been a very pleasant experience in Britain; the value and the manner in which the government supports us," Tata said lauding the business environment in UK.<br /><br />He also said that the group had made the ambitious investments in steel and auto sector in Britain, without factoring in the financial meltdown.<br /><br />"We had no idea that there will be a financial meltdown in Europe, hence our rather ambitious investments," Tata said, adding while Jaguar and Land Rover is a great success story, the steel industry is facing problem due to the demand slowdown in the Euro region.</p>.<p>Tata also said that there should be more collaboration with England in the technology space as prospects of technology development there is enormous.<br /><br />Addressing the conference, industry body CII President Adi Godrej said there are various opportunities in infrastructure and manufacturing space for British companies to invest in this country.<br /><br />He further said business communities from both the countries are expecting the upcoming Budget to address their economic concerns.<br /><br />Standard Chartered Bank Group Executive Director and Chief Executive Officer for Asia Jaspal Bindra called for resolving the regulatory uncertainties and concerns about retrospective taxes at the earliest.<br /><br />Appreciating recent reforms and confidence-building measures initiated by Finance Minister P Chidambaram, Bindra said these addressed some of the concerns of the business community.<br /><br />Referring to economic challenges facing the country, HSBC Bank Country Head Naina Lal Kidwai said the domestic economy has to sort out taxation issues especially those related to retrospective taxation.<br /><br />She said new legislations like companies and insurance bills should be approved at the earliest and called for the introduction of the Goods and Services tax, saying it could give a major boost to the economy. </p>