UK-India Celebrate Tech Partnership At FutureTech Fest

The UK and India have celebrated their Tech Partnership at a world-leading technology and innovation festival in New Delhi

Department for International Trade India

Department for International Trade India

The UK and India co-hosted an exciting technology festival at the Imperial Hotel in New Delhi on 12 December 2018. The India-UK FutureTech Fest (FTF) brought together more than 200 companies and 1000 delegates across two days, featuring world-leading Indian and UK Tech companies, along with scientists, policy-makers and entrepreneurs. The thought-leadership summit looked at the future of technology and the UK and India’s place as global leaders. Satellite events took place in Bengaluru, Hyderabad, Mumbai and Chandigarh.

Leading speakers included:

  • Elizabeth Denham, UK Information Commissioner
  • Julian David, CEO of Tech UK
  • Ron Mobed, CEO of RELX
  • Matthew Gould, Director General for Digital at the UK’s Department of Digital, Culture, Media and Sport
  • Arvind Gupta, Chief Technology Officer, Government of India
  • Ramesh Abhishek, Secretary of Department of Industrial Policy & Promotion
  • Amitabh Kant, CEO of Niti Aayog

Celebrating eight months since the announcement of the unique India UK Technology Partnership, key achievements include:

  • The announcement of the first two Tech Cluster Partnerships: the Midlands Engine-Maharashtra partnership will explore all areas of Future Mobility, whilst the Northern Powerhouse-Karnataka partnership will focus on Artificial Intelligence and Data.
  • The launch of a £1 million programme bringing some of the best UK artificial intelligence (AI) health companies to deploy their solutions in Indian government hospitals and Primary Health Centres – focusing on diagnostic AI that can tackle some of the biggest diseases in India. Five companies have been short-listed for the first phase and were announced at the Festival (see further information).
  • The first meeting of the UK-India Future Manufacturing Steering Group, who are building a report on the design of a ‘Future Manufacturing’ Centre in India, based on the world-leading Advanced Manufacturing Catapults in the UK.

The CEO Tech Alliance also held their third meeting at the Festival. An expanded FinTech Rocketship Award scheme, designed to boost entrepreneurship and access to UK and Indian markets was launched. And the UK-India Tech Hub – which will bring together hi-tech companies from the UK and India through commercial partnership, mentoring, joint venture and R&D collaboration – will be recruited in early 2019.

Government to government exchange is also supported by a wealth of industry collaboration, for example:

  • Smart metering technology firm CyanConnode’s Omnimish product has generated contracts worth $18.9 million in the last 18 months in India, and was acknowledged at the Independent Power Producers Association of India Awards. The company is working on a further contracts potentially worth $100 million
  • Tech solutions firm Equiniti Group will open a new Bengaluru office in Jan 2019, creating up to another 350 jobs – in addition to the existing 1000-strong Chennai office.
  • Newsfeed start-up Logically tackles disinformation online: they are launching their new consumer website at FTF. They are expanding their India platform – with plans to create 20 plus jobs and with projected revenues of over £21.7 million next year.
  • Venture Capital Firm Pontaq has launched a £50 million fund designed to create 2500 plus jobs in Fintech, Smart Cities Tech and Emerging Tech across the UK and India.
  • Life sciences firm QuantuMDx announced a new memorandum of understanding (MoU) with Goa-based Molbio to collaborate on infectious disease diagnostics e.g. tuberculosis – of which there were 2.74 million cases in India this year.

Sir Dominic Asquith, High Commissioner to India said:

When Prime Minister Narendra Modi and Prime Minister Theresa May announced the India-UK Tech Partnership back in April, they put the enabling power of tech at the heart of our bilateral relationship. We’ve seen fantastic progress since then, demonstrating the breadth and depth of our collaboration.

The UK-India partnership has embraced whole-heartedly the challenges and opportunities tech brings, with an exciting agenda promising to maintain both countries’ position at the forefront of the tech revolution.

Mr. Amitabh Kant, CEO NITI Aayog said:

The UK is a natural partner to India in our mutual interests and ambitions in technology, and our collaboration is overseen by the highest offices in both countries. India could potentially be the Tech Garage for the rest of the world, and we are keen to invite the best technology companies and solutions to India – in areas like Healthcare, Manufacturing, Mobility, FinTech etc.

The FutureTechFest showcased several disruptive companies, and multiple areas of mutual interest were discussed. I am keen to see continued, strong momentum in the India-UK technology partnership.

The UK-India Tech Partnership was launched by PM Modi and PM May in April 2018. The Partnership builds on existing bilateral scientific, commercial and personal links, and creates a framework for deepening India-UK collaboration across all aspects of Tech – helping to create jobs, enhance productivity, promote trade and investment and tackle shared challenges.

The UK has always been at the cutting-edge of technology: from the birth of the Industrial Revolution in 1760 to this week’s launch of the Graphene Engineering and Innovation Centre. The UK is home to more Nobel Prize winners than any country outside the United States.

This Partnership builds on an already strong trade and investment relationship. In 2017 India’s stock of FDI in the UK was £8 billion – a huge 321% increase from 2016, exhibiting the greatest growth from any country and the largest stock of Indian investment in the UK over the last ten years. In turn, the UK is the largest G20 investor in India.

There is strong existing cooperation between the UK and India: 31% of Indian investments in the UK are in tech; creating 33,000 out of 110,000 jobs. The UK exported £344 million of digital services to India in 2016. The UK is India’s second largest bilateral science partner and under the Newton-Bhabha partnership, India-UK collaborations will have risen from £1 million in 2008 to over £400 million by 2021.

For more information go to: The India-UK FutureTech Festival

Companies House In Numbers

We’ve gathered 12 interesting facts and statistics about us and our data

Companies House In Numbers

Companies House In Numbers

With 4.1 million companies now on our register, we hold a lot of data. Whether you’re interested in directors’ details, annual accounts or company shares, you can access this information and more using Companies House Service.

To highlight the range of data we hold, and to join-in with the countdown to Christmas, we’ll publish one ‘fun fact’ each day over the next 12 days on our social media channels.

We publish a range of statistics on company activity in the UK.

In September 2018, we completed a user consultation to find out what people think about our statistical publications and the information they’d like to see in the future. We’re still analysing the feedback and will publish a summary of findings early next year.

Our quarterly reports include information about companies newly incorporated to and removed from the register, as well as the total and effective register sizes. We also provide information on company liquidations and other insolvency procedures.

Our annual statistics include the number of company incorporations, dissolutions, and the total size of the register at Companies House.

Dame Glenys Stacey Review Proposes Farm Regulation Shake-Up

A more supportive, flexible and incentives-led approach to farming regulation has been recommended as part of a review into the sector published today

Dame Glenys Stacey

Dame Glenys Stacey

A more supportive, flexible and incentives-led approach to farming regulation has been recommended as part of wide-ranging review into the sector published today (Thursday 13 December).

The final report by Dame Glenys Stacey, concludes that the current regulation of the farming sector – with its one-size-fits-all rules-based approach – is far too inflexible. Leaving the EU provides the opportunity to do things differently.

The report recommends a new independent regulator that would be supportive of farmers’ individual circumstances, offering them practical advice, guidance and helping to incentivise good practice.

This means local advisers would be able to visit farmers to discuss issues such as biosecurity, soil quality or animal welfare, rather than turning up to impose an automatic sanction. In other words, the regulator should work alongside farmers – to “do with” rather than to “do to” in order to ensure high standards.

The report, which was commissioned by Environment Secretary Michael Gove in February, also recommends better use of technology. For instance, through satellite data and drones to monitor field margins and other public goods that the land manager is contracted to deliver.

Changing the balance between ‘on foot’ and remote surveillance would make inspections more efficient for the regulator and less burdensome for the farmer.

Dame Glenys Stacey said:

As things are, farmers are subject to a number of pernickety and sometimes nonsensical rules. There is little practical advice or guidance given to ensure compliance. Instead, automatic financial penalties have become the norm when at times they are unfair.

The large majority of farmers want to farm responsibly but some need guidance, advice and support to do that. A regulator should provide that, and explain why any change on the farm is needed. Yes, sometimes swingeing sanctions are justified, but more often, more is achieved by a more supportive approach.

There is so much scope to regulate more effectively, by harnessing technology and local knowledge. A strong regulatory culture brings many opportunities – from getting on top of systemic issues such as animal diseases, to improving plant health and our environment under the new farming system.

Environment Secretary Michael Gove said:

Dame Glenys and her team have done excellent work on this comprehensive review into farm regulation and inspections, drawing on what works best in other sectors.

It’s clear that current regulation isn’t working as it should. We commissioned this report because leaving the EU gives us the opportunity for a fresh and modern approach – one that is less onerous for farmers and also helps us to deliver on our environmental ambitions.

The government will respond to the review in the New Year.

Minister For Europe Welcomes The Results Of Armenia’s Parliamentary Elections

Sir Alan Duncan congratulates My Step Alliance on an impressive victory

Foreign & Commonwealth Office

Foreign & Commonwealth Office

The UK welcomes the preliminary assessment of the international observation mission that the Armenian parliamentary elections on 9 December 2018 “were held with respect for fundamental freedoms and enjoyed broad public trust”.

The UK Government is pleased to have supported the preparations for these elections as a member of the international consortium contributing funding to the Electoral Support Project in Armenia (ESPA) implemented by UNDP.

Minister for Europe Sir Alan Duncan said:

These elections mark an important new stage in Armenia’s democratic development. I congratulate the My Step Alliance led by Nikol Pashinyan on its impressive victory, as well as the other parties elected to the National Assembly.

The UK Government looks forward to working closely with the new Government and Parliament of Armenia, supporting further consolidation of democratic institutions and ambitious political and economic reforms for the benefit of the Armenian people.

Non-Executive Director Appointment To Ofgem

John Crackett has been appointed as a non-executive director to Ofgem

Department for Innovation & Skills

Department for Innovation & Skills

This appointment takes effect from 1 December 2018 and lasts for 5 years.

Ofgem protects the interests of existing and future electricity and gas consumers, promoting value for money, security of supply and sustainability.

Biography

John Crackett has been a non-executive board member of the UK Office for Nuclear Regulation since July 2011. Before this he was Managing Director of Central Networks – the UK’s second-largest distributor of electricity – and also an E.ON UK Board member responsible for Safety, Health and Environment.

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