India committed for a transparent multilateral trading regime: Ashwani Kumar

NEW DELHI: India remains committed to a just and transparent multilateral trading regime and is in favour of continuing the Doha Round of trade negotiations, said Dr. Ashwani Kumar, Minister of State for Industry,on Monday.

Kumar, however, stated that New delhi could not be expected to carry a disproportionate burden for the difficulties in negotiations.

Interacting with a delegation led by Andrew Cahn, Chief Executive, UK Trade and Investment, Richard Lambert, Director General of Confederation of British Industries and Karan Billimoria, President, UK-India Business Council, here today, he stressed on further expanding the Indo-British collaboration in trade and investment.

The delegation congratulated the Government of India's efforts for the successful negotiation of the deal in Vienna and the clear waiver for Indo-US Nuclear Agreement in NSG.

It also informed Kumar that the UK Office of Nuclear Development Programe was being set up to ensure effective nuclear supply chain and the British Industries would like to collaborate with Indian industries for the same.

Cahn hoped that the process of economic reforms will be speeded.

Kumar further assured the high-powered delegation that India is looking to enlarge and diversify the scope of business collaborations with medium and high technology British firms across a wide spectrum of Industries.

He further assured the delegation that the government remains committed to reforms, especially in the banking and insurance in addition to encouraging cooperation in infrastructure and defence sectors within the framework of its policies.