16 Oct Mr. David Cameron visits India
To kick start this he laid down his first offer,which was to relax visa norms for investors such as a same-day visa service to those who want to go to the UK and invest. Also make a student-friendly policy whereby there would be no limit on the number of Indian students who could come and study in universities there and also no cap on the length of time they could stay and work.
The UK is all set to make attractive offers to woo the Indian investors. To begin with , British Prime Minister David Cameron said that he wants to position his country as the gateway of Europe for Indian companies intending to do business there.
He emphasized on the importance of Vodafone’s investments and said that it is paying taxes and contributing to India. The company as a whole also has a huge role to play in creating jobs.
His three day visit assumed significance at a time when large British companies like Vodafone (with tax liability of Rs. 11,200 crore in India) and Shell are vehemently contesting tax claims by Indian revenue authorities.However the solutions are still being found , the tax system has to be fair to all so as to protect the businesses from getting damaged.
Mr Cameron was quoted talking about unleashing India’s potential along the 1,000-km stretch from Mumbai to Bangalore, transforming lives and putting British businesses in a prime position to secure valuable commercial deals by lending experts in finance, architecture and planning to India.
Mr. Cameron insisted on the future relationship of the two countries while throwing light on the British company Unilever and its 50 million euro investment to set up a deodorant manufacturing factory at Champion in Maharashtra.
This corridor project development according to him would generate investment projects worth up to $25 billion.
On the occasion of Mr. Cameron’s visit, a Memorandum of Understanding was signed between the Mumbai Metropolitan Region Development Authority (MMRDA) and Transport for London (TfL), by which the latter will help the former to implement and operationalise its plans of a 150-km-long metro network in Mumbai Metropolitan Region.
On the whole, this truly was a visit tying the knot for a better future.