Monday, 25 July 2011

UK plans £1-bn biz deals with India

Britain’s chancellor of exchequer George Osborne plans to unveil £1 billion worth of commercial deals with India on the first day of trade talks between the two countries here on Monday. Finance minister Pranab Mukherjee will have extensive talks with Osborne on Monday.

The meeting will focus on the UK-India infrastructure partnership and strengthening of UK-India financial sector reforms. Stepping up ties between the UK and India on education and skills, structural policy reforms and strengthening of India-UK financial sector collaboration are high on the agenda for the dialogue.
The talks follow the visit of a trade delegation to India last year, which was led by British Prime Minister David Cameron. In a statement before Monday’s meeting, the chancellor of the exchequer said: “Britain is now making the largest foreign investment in India. It shows that British companies are competing with the best in the world, despite some sceptical voices, and...

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