London businesses must work more with India, China: report


Reading this report reminds the famous quote of Lakshmi Mittal

“Always think outside the box and embrace opportunities that appear, wherever they might be.”

LONDON (AFP) – London’s financial district must work to develop better business relationships with both China and India or it risks losing out to competing cities and countries, a new report has warned.Written by SAMI Consulting and Oxford Analytica, the report recommended Tuesday that financial services companies in London be more active in building their contacts with Indian and Chinese businesses, noting there are opportunities in India for project financing, and in China for savings vehicles for the country’s ageing population.

The report, which was released by the City of London, the local district council within which the capital’s financial centre resides, said that while London “already has a huge advantage with the Indian and Chinese diaspora … this does not yet appear to be fully recognised.”

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