Indian companies are being strongly advised to invest in the UK ahead of the 2012 Olympic Games.
The British Deputy High Commissioner for South India, Mike Nithavrianakis said contract deals worth £6 billion as well as the 75,000 new business opportunities generated by the London Games present Indian companies with ample opportunity to solidify trade links between the two countries - as well as to use the UK as a springboard into European and Chinese markets.
Addressing the Indo-UK seminar on business partnerships, Nithavrianakis said potential trade would focus on high-tech, high growth and innovative industries.
Mr Nithavrianakis said the UKTI would play a key role in bringing together companies from the UK and the south Indian state of Kerala prior to the Games.
Despite the UK's laboured emergence from the recession, it is still a key trading post for India with bilateral trade between the two countries reaching £12.6 billion in 2008.
Business Secretary Lord Mandelson underlined the importance of the relationship ahead of his visit to India this week: "The UK and India are natural business partners. There are huge opportunities for UK firms in India and Indian firms are strong investors in the UK."
Dr Thomas Issac, State Finance Minister for the government of Kerala, said that the response to the governments decision to set up a venture capital fund for promoting investments was enthusiastic adding that information technology, biotechnology and tourism would be key areas of investment.
Dr Isaac added that investment in infrastructure has been planned in order to accommodate a surge in trade relations between the UK and Kerala.
UK Capital Investments News, December 2009
Friday, December 18, 2009
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