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Aston University showcases benefits of investing in Birmingham to Indian business at global event

Iod Birmingham

9 October 2015

Today, at the Millennium Hotel London Mayfair, as part of the IoD India London Global Convention, Aston University is coordinating and delivering a “city focus” session: an interactive discussion on the benefits of doing business in and with Birmingham. Attendees at the event will include leaders in business, finance and the environment from across the world.

Aston has gathered a high-profile panel of speakers, chaired by the Rt. Hon. Andrew Mitchell MP, Member of Parliament for the Royal Town of Sutton Coldfield, drawn from across Birmingham business associations, to showcase the benefits to Indian and overseas businesses of doing business with Birmingham.

India’s economic growth is predicted to reach 7.2% in 2015, followed by 7.6% next year, according to the IMF, surpassing that of neighbouring giant China, and making it the world’s fastest growing economy in 2016. The total size of the Indian economy is set to surpass that of Japan and Germany combined by 2019.

One of the main benefits from inward Foreign Direct Investment (FDI) is job creation, and Birmingham has attracted the most FDI of any city outside London in the last 12 months, both by value and by the number of jobs created.

With the Automotive component and Automotive OEM (Original Equipment Manufacturer) industries together representing almost 50% of total IFDI in the Birmingham region, Aston are particularly proud to include Professor David Bailey on the panel as an expert best known for his knowledge of UK and West Midlands car manufacturing.

David Bailey said: “Aston University has a proven history of working closely with businesses both regionally and nationally and as such we understand how crucial the UK-India relationship is to the economic growth of both countries. This panel session is an ideal opportunity for us to encourage Indian manufacturers and businesses to do more business with Birmingham and attract increased inward Foreign Direct Investment into the region.”

Other panel members include:

Professor Pawan Budhwar, a globally renowned research academic and Director of the Aston India Foundation for Applied Research

Saqib Bhatti, President of the Asian Business Chamber of Commerce and Director, Greater
                Birmingham and Solihull LEP

Ben Digby, International Team, Confederation of British Industry (CBI) 

Ben Digby, CBI Head of International, said: “The economic relationship between India and the United Kingdom is in fine fettle. Great Britain is playing a large role in India’s growth journey, investing more and creating more jobs than any other G20 nation.

“These unique cultural and business ties between our two countries can be found right here in Birmingham, from Tata investment in Jaguar Land Rover to direct flights to Delhi.

“With Narendra Modi visiting Britain in November – the first such visit by an Indian Prime Minister in a decade – now is a golden moment to celebrate the unbeatable combination of the UK and India.”

This is the second year Aston University has been closely involved with the IoD India Global Convention, after the University’s Vice-Chancellor, Dame Julia King DBE FREng, chaired a Panel Discussion in 2014 on the sub-theme ‘Embedding CSR and Ethical Ethos in the Boardroom’ and stressed the immediate importance of the CSR agenda for all organizations.

-Ends-

Contact details:

Jon Garbett
j.garbett@aston.ac.uk
Aston Business School
0121 204 4552

Notes to editors
Aston Business School
Aston University is renowned for the quality of its innovative learning and teaching, world leading research and for having a friendly and supportive culture. Aston Business School has strong business links, and offers life-transforming experiences that make a real difference to organisations, economies and the global society. Aston Business School is committed to helping small businesses realise their potential through dedicated services which are specifically tailored to meet their needs, and in 2014 was awarded the Small Business Charter Gold Award in recognition of their achievements. The School also delivers cutting edge entrepreneurial research (especially on high growth firms) and is home to the Global Entrepreneurship Monitor UK project.

Professor David Bailey
David is an influential business expert on economic restructuring and industrial policy is perhaps best known for his knowledge of UK and West Midlands car manufacturing.
As an author, regular media commentator and newspaper columnist, he has provided articles and commentary on key economic and regional policy issues including the closure and eventual reopening of the MG Rover car plant in Birmingham, UK, and the Jaguar Land Rover economic success story.

Professor Pawan Budhwar (PhD, MCIPD, FBAM, FHEA, AcSS)

Director of the Aston India Foundation for Applied Research, Pawan is globally renowned for his research into the international aspects of HRM, and has held many visiting professorships worldwide.

Pawan’s research interests lie mainly in the international perspectives of HRM. He conducts the majority of his empirical work overseas, especially in India. Pawan’s work is of great significance given the links with developments within the Indian economy and the scarcity of research in the field within this context.

He has received  funding from ESRC to investigate HR and internal marketing in Indian Call Centres, wherein he highlighted many people management related issues and challenges, and the problems emerging in this sector.

The Aston India Foundation for Applied Research
Directed by Professor Budhwar, the Foundation brings together the expertise of world-renowned academics and practitioners to carry out cutting edge research and provide consultancy that is directly relevant to today’s dynamic business environment. Hence, its mission is to act as an important resource to enable the creation and dissemination of knowledge that will significantly improve operations and profitability for corporations in India or with Indian interests and facilitate mutually beneficial links with organisations in India and overseas, with an emphasis in the UK.

The Foundation offers research and consultancy in various fields including developing and successfully working in strategic alliances and partnerships, and guidance on how to do business in India.
The foundation then creates the opportunity for interdisciplinary and coordinated research and consultancy into emerging themes suitable for overseas firms interested in India and Indian firms moving to the UK. The overall intention is to generate the insights necessary to help organisations to be more productive in both contexts.

IoD India
IOD India is a registered non-profit apex association of company directors committed to improving the competitiveness of India Business and to reinforcing business commitment to Quality, Environment Management and Corporate Governance.

It provides information, advisory and consultative services on corporate issues to industry, business and government, and looks to strengthen the Director’s role in the growth and development of industry and business.

Headquartered in New Delhi, the organisation has a network of Global offices across the world including a UK and Europe Chapter Office in London.

The IOD India's activities extend from training, monthly lectures to workshops, national and international Conferences on issues such as Quality, Environment, Climate Change, Occupational Health and Safety, Corporate Governance, Cyber Security, Competition Law, Sustainability and Corporate Social Responsibility, held in India and abroad.

The IoD India London Global Convention 2015
In order to discuss the governance of business, the Institute of Directors, India, is organizing the
London Global Convention on Corporate Governance & Sustainability on 7 - 9 October 2015 in London. The theme of the Global Convention is “Effective Corporate Governance and Sustainability - Mandate of the Board”. It will be attended by leaders in business, finance and the environment from across the world.

The aim of this Convention, the 15th London Convention held by IoD India, is to provide a deeper understanding of the individual elements that combine to create an effective corporate governance framework, as well as to provide thought leadership, on a number of topical issues of governance and sustainability.

The Convention is being organized in association with a number of international partners.

For more information on the event, please contact:

Professor Colin Coulson-Thomas

Director General- UK & Europe

INSTITUTE OF DIRECTORS, INDIA

Mobile: +44 (0) 7718 921 950

Email: colin@coulson-thomas.com