Indian alumni of UK institutions to get awarded by Britain

October 10, 2014

A new award will be announced by the Britain to award Indian alumni of UK institutions. Britain will announce a new Education UK Alumni Awards which will reward Indian alumni of UK institutions that have made a significant impact upon their return to India with an expenses-paid study trip to the UK linked to their current profession. Business Secretary Vince Cable will announce new measures to tackle falling Indian student numbers and encourage business investment in the UK in Delhi on Friday. Among the announcements will be the largest ever number of scholarships for Indian students through the GREAT Scholarships programme. The 2015 intake will offer 396 new scholarships at 57 institutions across the UK to study a variety of under-graduate and post-graduate courses such as Engineering and IT. Vince Cable is in India on Friday on a week-long visit to dispel myths that the UK is not welcoming to Indian students. International students are worth around 3 billion a year to UK Universities and bring skills critical to the British economy, however in recent years there has been a significant decline in the number of Indian undergraduates and postgraduates who choose to study in the UK. In a speech to the Federation of Indian Chambers of Commerce and Industry in Delhi, Business Secretary Vince Cable will highlight the valuable contribution Indian students make by studying at UK universities. Dr Cable said "From Indira Gandhi - India's first woman Prime Minister - to Olympic Park sculptor Anish Kapoor, UK universities have produced some of India's most eminent and talented graduates and I want that legacy to continue. With no limits on overseas student numbers and scholarships like the GREAT awards, the doors are open to Indian students to benefit from our world-class universities". "This is not a short-term offer. There is huge demand from UK employers for the high level skills Indian graduates can offer, and students that gain graduate-level employment can stay here after completing their studies." Cable will also announce a total 33 million investment in projects that will bolster the UK's business relationship with India. These include Indian company Amtek Auto which will be investing in a new foundry in Kidderminster to meet the growing need for automotive parts from Jaguar Land Rover and Ford, and grow their manufacturing presence beyond existing UK facilities in Coventry and Essex. The initial investment of 23 million will lead to 500 new jobs by 2018. British dental company, Prima Dental, is investing 10 million in India to establish a sales and distribution arm in the north of the country. Prima Asia will supply burs to the dental profession across India and the subcontinent. UK Tech company, Blippar, is launching India Blippar. Blippar is a leader in augmented reality, enabling consumers to bring to life images and products via smartphones and wearables and are opening their first Asia office in Delhi. Dr Cable said "Britain and India have long enjoyed a strong, collaborative business relationship - demonstrated by the fact that we are their largest investor in the G20 accounting for around 30% of their annual investment - while India invests more into the UK than any other country. "The Government's industrial strategy is giving business the confidence to increase investment - creating more high skilled, long term jobs in the UK. So I am pleased that Amtek is the latest Indian company to increase investment into the UK, creating 500 new jobs in Kidderminster. "Amtek Auto has benefited from the Jaguar Land Rover success story, which thanks to Indian investment has created an extra 11,000 new jobs over the last three years." Vince Cable will also address approximately 300 students at leading technology and sciences institute, BITS Pilani's K K Birla Campus in Goa - as well as students at its Hyderabad and Delhi campuses via video link. Vince Cable will begin his visit in Delhi before moving on to Goa, Pune and Chennai - meeting Ministers and Indian and UK businesses in each location. In Delhi, Vince Cable will visit catalyst manufacturer Johnson Matthey's state-of-the-art facility to witness the production of the 25 millionth catalytic converter developed in India by the UK operation. In Goa he will meet with the British Business Group and local Indian business leaders to encourage relations between the UK and Goa. The Chennai leg of the tour will include a visit to the Ashok Leyland factory. The facility employs 5,000 members of staff and is the flagship operation of UK-based Hinduja Group, which is the fourth largest bus maker in the world. Whilst in Chennai, the minister will launch a new Centre for SME Research & Development which flows from a UKIERI project. The Minister will also meet the Vice Chancellor, students and faculty of Anna University, which has strong and growing research links with UK institutions. He said "UK trade with India is growing. We have boosted trade from 11bn in 2009 to 16.4bn in 2013, despite economic slowdown in both countries over this period. UK companies invest heavily in India. UK is the largest G20 investor in India: The UK invested $20.7bn between 2000 and 2014, and $3.2bn last year, more than Japan and the US (2nd and 3rd) combined. India invests in the UK: 240m new Indian investment in 2012, and a stock of 2.1bn (Russia 1.2, China 1.1bn), and more than India invests in the rest of the EU combined". "India investment in the UK creates jobs: In 2013, the UK attracted 74 new projects from India, generating 4,482 jobs. Tata is the largest employer in UK manufacturing with 45,000 staff," he adds.

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