India, UK trade grows by 30 pc in 12 months
Saturday, 20/10/2012
http://epaper.dailypostindia.com/Details.aspx?id=53085&boxid=59327&uid=&dat=2012-10-20
London: The trade between India and the United Kingdom (UK) has grown by almost 30 per cent in the last 12 months, and there are opportunities to do more and add greater value, Indian High Commissioner Jaimini Bhagwati has said. “India-UK relations are close, whether in the area of people to people, governance or corporate affairs. There has been intense exchange at every level including visits of Chief Executive Officers (CEOs) of companies,” Bhagwati said at a reception he hosted for international media at the India House.
At present, 25 officers from various departments of the Central government are on a week-long programme at the School of Business at Cambridge. In terms of trade, Bhagwati said: “Trade is growing at almost 30 per cent - during the last 12 month. There is opportunity to do more and add little more value.” The bilateral trade crossed $16 billion last year. Of the 1,200 Indian businesses in the EU, more than 700 are in the UK. India is the second largest foreign investor in the UK after the United States, and the UK is also a significant investor in India. There are many bilateral trade agreements between the two nations designed to strengthen ties.
