UK Business Group

PwC's UK Business Group provides advice and practical assistance to Indian clients wishing to explore business opportunities in the UK and to companies and individuals from the UK wishing to conduct business or invest in the India. We have the local experience and a strong global network to help companies maximise opportunities and build success both in India and the UK. Whether you are looking at new markets for the first time, or are already established in India and want to grow your business, we can provide in-depth knowledge of the markets, culture, legal systems, tax, accounting and regulatory framework in both India and the UK.

At PwC, we have a group of professionals highly experienced in supporting clients as they conduct business between the UK and India. The UK Business Group serves as a focal point, connecting clients with the right expert for their specific business need across the practice areas of financial reporting, tax, deals, human resources management, supply chain, sustainability and risk management.

Explore the Indian states

Our interactive data explorer below gives an overview of the economic diversity across the states of India, across a range of  indicators.  

Please click on the states to explore the data

Ease of doing business
5
Source: Gov.India
Key sectors
Source: Invest.India/PwC
GSDP Growth rate YoY
5%
Source: invest India
Literacy rate
67%
Source: Census estimates
$bn
GSDP (Billion$)
Source: Invest india
$
Per Capita Income USD
Source: Invest india/world
m
Total state population
Source: Invest India
%
Literacy rate
(Census) 2016 estimates using 2011 census data

Examples of UK and India collaboration

Helping Sheffield City Region (SCR) Combined Authority collaborate with Pune on advanced manufacturing

A key focus of SCR’s ten-year Trade & Investment Strategy is developing stronger relationships with high growth non-EU markets. Given India’s significant growth potential, SCR has made it a priority to help local businesses work with and operate in India, while also attracting Indian investors and innovators to collaborate with its universities, and attracting more students from India.

To help it achieve these goals, SCR commissioned the UK India Business Council (UKIBC)—a key partner of PwC’s India Business Group—to conduct a location and strategy analysis. This showed that the sectors offering the best fit included advanced manufacturing, automotive, defence, and MedTech, and that the city of Pune in Maharashtra provided strong opportunities for collaboration in advanced manufacturing. SCR is now developing a market entry plan to collaborate with Pune in several areas.

SCR’s experience of working with UKIBC on its strategy for India underlined the importance of making the right connections on the ground, something UKIBC was uniquely qualified to help with. Other lessons learned included the need for a detailed location analysis to pinpoint the strongest complementarities with Indian states, and the benefits of engaging with and involving a variety of institutions, including SCR’s main universities and many businesses.

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UK Autodrive: Drawing on Tata Motors technologies to drive forward innovation in driverless vehicles in the UK

UK Autodrive is an initiative aimed at integrating driverless cars into everyday life in the UK. Launched to support the UK Government’s ambition to see driverless cars on the UK’s roads by 2021, the three-year, £20m project is co-funded by Innovate UK, and brings together 15 partners including three global car manufacturers (OEMs). One of these is Tata Motors, India’s largest automobile manufacturer, whose Tata Motors European Technical Centre (TMETC) is a key participant in the project. Other partners include engineering businesses, academia and Milton Keynes and Coventry councils, reflecting the two cities’ acknowledged strengths in high-end automotive technology.

 

Involving India’s Tata Motors in UK Autodrive meant it benefited from TMETC’s world-renowned research and development capabilities. Working closely with the other two OEMs—Jaguar Land Rover and Ford Motor—Tata Motors’ TMETC was instrumental in the successful testing of the automated vehicles and connected vehicle technologies, and in demonstrating the benefits they can bring. Strong leadership from the host cities was key in setting the context for the demonstrations, and committed buy-in and collaboration among the OEMs were vital to the project’s success. The result was the delivery of a proven driverless vehicle capability, supported by Indian innovation, that is potentially transferable to other locations in the UK and the rest of the world, including India.

 

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Our service offerings

Our Transaction Services Strategy (TSS) practice provides consulting service for entry options India and assists in devising market entry strategy.

  • Options for entry (both equity and non-equity forms)
  •  Challenges and risks associated with different entry options
  • Evaluation of the regulatory environment, tax and other government incentives
  • Screening of partners/acquisition targets
  • Feasibility study and location analysis (including availability of tax and other government incentives available in various states)
  • Analysis of tax-efficient funding structures and repatriation strategies

The Deals team offers services across the deal continuum including advisory on mergers, acquisitions, divestitures, joint ventures, spin-offs and strategic alliances.

  • Corporate finance provides complete lead advisory services including target identification, target screening, developing transaction strategy, negotiation and documentation support and assistance in transaction closure.
  • Due diligence includes financial, tax, commercial, operational, legal, forensics and HR operations analysis. Our due diligence team also carry out desktop review on the potential JV partner.
  • Valuation services include business and assets valuations for transactions, tax, dispute, financial reporting, governance and regulatory needs. Specific services include purchase price allocations, independent expert reports and fairness opinions.
  • Post-merger integration services helps identify key revenue, cost and core synergies and opportunities across all functions in an organisation in order to maximise and unlock integration value.

We assist businesses, organisations and individuals with tax strategy, planning and compliance, whilst also delivering a wide range of business advisory services.

  • Setting up subsidiary, branch and liaison office in India: We assist companies in obtaining the necessary approvals and licenses.
  • Tax advisory and compliance: We support you in developing tax-efficient strategies and managing your tax exposures considering your individual business needs. We also help clients adhere to various tax and regulatory compliance requirements, as applicable.
  • Expatriate taxation: We have a dedicated team offering a full range of international assignment tax services, both consulting and compliance, to assist you in harnessing the value of global mobility while managing risks.
  • Transfer pricing: We provide leading-edge tools and solutions relevant to your industry in the areas of developing a coherent and defensible TP policy, compliance and documentation management and strategising and assisting in dealing with global dispute resolution.
  • Tax assessment proceedings: We provide assistance during tax audits by revenue authorities and corporate tax litigation including representation to the tax officer.
  • Tax litigation support: Our team can assist you in identifying and addressing potential tax risks, tax dispute avoidance and resolution as well as litigation support.
  • Indirect tax: We assist in custom duties, central excise and VAT, service tax, foreign trade policy, free trade agreements and cross-border supply chains and anti-dumping duties.
  • Regulatory services: Our dedicated regulatory team provides services in the areas of FDI policy, exchange control regulations, corporate laws and industry sectoral regulations. Our regulatory services include structuring of investments and transactions and implementation assistance, obtaining regulatory approvals, licences, clarifications and dispensations and advice on government policies impacting your business. 

We help organisations work smarter and grow faster. Reach out to us to build effective organisations, reduce costs, manage risk and regulation and leverage talent.

  • People & Change includes HR transformation, Rewards & benefits Management, Organisation design & workforce planning, Talent Management strategy & employer branding, Learning & Development, Performance measurement  & management
  • Finance effectiveness includes Maximising enterprise performance, Transforming finance functions, Augmenting finance talent and organization, Shared services and benefits management
  • Sustainability includes assistance in Clean development mechanism, Climate change strategy, Social, environmental and economic sustainability reporting, Life cycle management and Verifying the robustness of environmental management and emissions tracking systems and emissions data
  • Technology Consulting includes Oracle/ SAP application – implementation, support and maintenance, Information Management – assist in definition, development and implementation of BI and CPM solutions, Help in implementing technology solutions using Microsoft products to improve your business processes and controls
  • Operations transformation includes Optimization of Supply chain and logistics. We can further help you in achieving Procurement excellence, Manufacturing excellence, Sales & marketing excellence. We also assist in Transformation programmes and Operations architecture design & implementation.
Vaidison Krishnamurty

Vaidison Krishnamurty

Partner and Leader, UK

Business Group, PwC India

Tel: +91 (22) 6119 8644

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