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Dr. Ashwani calls for enhanced trade & investment flows with UK
11
Mar '08
The Prince Andrew Albert Christian Edward, Duke of York and special Representative of Department of Trade & Investment, Government of UK, called on Dr. Ashwani Kumar, Minister of State for Industry. During their bilateral meeting, useful exchanges took place on enhancing India-UK Trade & Investment flows.

The visit coming right after the annual summit visit by the Prime Minister, Gordon Brown to New Delhi in January 2008 assumes special significance in respect of trade and investment relations. Dr. Kumar informed the Prince about the Government of India's focus on education and skill upgradation.

Both sides recalled the warmth in the historical relationship between the two countries and expressed satisfaction on the current level of mutual engagement particularly by large MNCs of UK in India and of Indian MNCs in UK.

They called for an exponential increase in business contacts between SMEs and service sectors of both the countries in view of the limitless business potential that exists between the two countries.

Dr. Ashwani Kumar mentioned the significance of major UK investments in India like Vodafone, Virgin, Huges, Marconi & E-com in Telecommunication sector, British Petroleum, Shell, Castrol, Cairns, British Gas in oil and gas sector, Scottish and New Castle, HSBC, Powergen, Aviva, Cadbury, GSK Pharmaceuticals, Johnson Matthey, Logica, Marks & Spencer, Standard Chartered Bank, Tesco, Unilever etc.

Similarly, he mentioned the recent trend of Indian companies investing in the UK, which includes HCL, ICICI, Infosys, TCS, Thermax, Wipro and Wockhardt.

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