Last week, Lord Bilimoria took part in a debate about the steps that the Government has taken to boost the UK’s economy. Shortly following the release of the 2016 Budget, the debate gave Peers a chance to scrutinise the Chancellor’s policies and contribute their thoughts about the action needed to improve the country’s economic growth. Lord Bilimoria praised the strides that the Government has made in boosting entrepreneurship, but highlighted topics that the Government needs to improve on, notably productivity and higher education, while stressing the impact that the EU referendum may have on the UK’s economy.
Lord Bilimoria was recently interviewed by Philip Slater of Forbes, the business news publication, about the state of UK-India relations. The piece touches on the UK’s changing business relationship with India and the rise of entrepreneurship in both countries, as well as the lessons that the Britain and India can learn from each other.
The article is available here and a full transcript of the interview is below:
Lord Bilimoria recently took part in the BBC’s CEO Secrets series. The series, which sees prominent businesspeople dishing out business advice to budding entrepreneurs, was published on the BBC’s website at the start of the New Year. Lord Bilimoria’s thoughts are available here.
On 3rd July, Lord Bilimoria was invited to be the Chief Guest Speaker at the Annual India Link Awards. He spoke about India-British relations and their smart power on the world stage, and his comprehensive speech (a transcript of which is available below) was extremely well received by all those present.
To cap off a wonderful night, Lord Bilimoria was also awarded with the India Link International Indian of the Year Award 2014-15, which recognised his significant achievements in the business and education sectors.
Speaking in the House of Lords, Lord Bilimoria celebrated the rise of entrepreneurship in the UK since his arrival as a student in the 1980’s. He noted the thriving industries which are often overlooked and taken for granted in Britain, and welcomed the foreign investment that the UK continues to attract, while outlining the action that is needed to improve the UK’s flagging productivity.
Speaking in the House of Lords on Thursday, Lord Bilimoria addressed a number of issues raised by the Chancellor’s Autumn Statement – the penultimate finance statement ahead of next May’s General Election. Lord Bilimoria criticised the slow pace of deficit reduction and missed economic targets by the coalition – whilst also speaking in favour of tax reform, increased government support for research and development and expressing concern at funding levels for the British Armed Forces.
Speaking in the House of Lords on Tuesday, Lord Bilimoria’s addressed a number of issues emerging from the Second Reading of the SME. Touching on matters ranging from the pub tie, to entrepreneurship, to tax relief – his speech was well received and gained positive comments from the Business Minister, Baroness Neville-Rolfe, and from other members of the House including the former Energy Secretary, Lord Wakeham.
Lord Bilimoria was a guest on Sky News’ flagship ‘Murnaghan’ programme on Sunday 2nd November, where he was interviewed about the positive aspects of immigration following a recent study by UCL about British attitudes towards migrants from various EU and non-EU nations.
He was joined by the Bulgarian Ambassador to the United Kingdom. Konstantin Dimitrov, and Labour MP Barbara Roche, the former Immigration Minister.
The following transcript was kindly provided by Sky News.
Lord Bilimoria was interviewed by the Confederation of Indian Industry (CII), who recently celebrated their thirtieth anniversary of their UK office. To celebrate this relationship with the United Kingdom, the CII spoke to a number of senior governmental figures in both nations, as well as leading businesspeople from the UK and India, regarding the commercial and economic links between them.
The Confederation of Indian Industry is a non-governmental , not-for-profit, industry-led and industry-managed organisation that has played a key role in Indian economic development since it was founded in 1895. As India’s premier business association, the CII now boasts over 7200 members from both the private and public sectors, and from businesses of various sizes. Together with its ties to over 242 national and regional sectoral industry bodies, it enjoys an indirect membership of over 100,000 enterprises.
Lord Bilimoria was one of a number of peers to criticise various aspects of the government’s Immigration Bill, which had its Second Reading in the House of Lords on Monday. Speaking in opposition to the additional charges that would be forced upon new migrants to the United Kingdom, Lord Bilimoria noted the damaging effects that the Bill would have for universities and higher education in general, which could also have long-term repercussions for the British economy.