Indo-UK bilateral trade may reach $60 bn by 2020
The bilateral trade between India and UK might reach a staggering figure of $60 billion by 2020, British High Commissioner in India Sir Richard Stagg said on Monday.
By PTI |
KOLKATA: The bilateral trade between India and UK might reach a staggering figure of $60 billion by 2020, British High Commissioner in India Sir Richard Stagg said on Monday.
"There has been considerable degree of progress in bilateral trade between the two countries which will grow in the next 12 years," he said.
He said that in the recent past, the Indian economy grew a considerable degree and UK would like to establish a strong business relation.
"Great Britain is likely to invest in certain priority areas like automotive industry, service sector, banking, insurance, retail, agriculture and logistics," Stagg said.
These were growing sectors and Britain would like to invest in them because these areas were not explored properly and have great business potentiality, Stagg added.
He said, "We would like India to invest in fields like information technology, automotive and energy."
"There has been considerable degree of progress in bilateral trade between the two countries which will grow in the next 12 years," he said.
He said that in the recent past, the Indian economy grew a considerable degree and UK would like to establish a strong business relation.
"Great Britain is likely to invest in certain priority areas like automotive industry, service sector, banking, insurance, retail, agriculture and logistics," Stagg said.
These were growing sectors and Britain would like to invest in them because these areas were not explored properly and have great business potentiality, Stagg added.
He said, "We would like India to invest in fields like information technology, automotive and energy."
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