Dr. Ashwani calls for enhanced trade & investment flows with UK

11 Mar '08

3 min read

During the bilateral meeting, Duke of York informed Dr. Kumar that British companies recognize that India would be at the centre of the Asian economic growth story and added that British companies are aware of the importance of India's favourable demographic profile being the major contributor of the growth of global economy.

Keeping in view the overall outward investment profile of UK, Duke of York stated that there is tremendous scope for an exponential growth in not only trade but also in investments.

He outlined comparative strength of UK in services sectors like legal and accountancy, R&D, financial, education, retail, innovation, infrastructure and green technologies.

He hoped that India will take next level of steps for improved market access. He also assured Dr. Kumar that there would be no discrimination against Indian professionals for work visas in the UK.

Dr. Ashwani Kumar reiterated India's commitment to the rule-based multilateral and equitable international trade regime for enlarging global business opportunity.

UK is the third largest investor in India with cumulative FDI of US $ 4.13 billion. UK is also one of the major contributors of technology to India with 860 technical collaborations in the past 17 years.

Press Information Bureau Government of India

More Ministry of Commerce & Industry News... More Textiles News - India...