India seeks more UK investment: Kamal Nath
Commerce & industry minister Kamal Nath has raised concerns over slowing down of investments from the UK in recent years.
By TNN |
Commerce & industry minister Kamal Nath has raised concerns over slowing down of investments from the UK in recent years. Interacting with CEOs from India and the UK on Monday, Mr Nath said India seeks investments in areas like highways, bridges, expressways, ports, power generation, water plants and water management techniques.
During the day-long series of meetings between business delegations and political leaders from the UK and India, organised by industry chambers, Mr Brown said his country would support changes to the IMF, World Bank and the G8 to reflect the rise of Asia and India.
“We can and must do more to make our global institutions more representative,” he said and added that the IMF should work with the same independence as central banks.
Mr Nath said Indian companies are taking advantage of opportunities to invest in the UK. India is the third largest foreign investor in the UK in terms of projects, second to the US and Japan.
According to Ernst & Young’s European investment monitor 2006 report, in the first half of 2006, Indian investment into the UK overtook Japan, making it the second largest investor in the country.
UK is the fourth largest trading partner of India with bilateral trade of $9.8 billion in 2006-07.
During the day-long series of meetings between business delegations and political leaders from the UK and India, organised by industry chambers, Mr Brown said his country would support changes to the IMF, World Bank and the G8 to reflect the rise of Asia and India.
“We can and must do more to make our global institutions more representative,” he said and added that the IMF should work with the same independence as central banks.
Mr Nath said Indian companies are taking advantage of opportunities to invest in the UK. India is the third largest foreign investor in the UK in terms of projects, second to the US and Japan.
According to Ernst & Young’s European investment monitor 2006 report, in the first half of 2006, Indian investment into the UK overtook Japan, making it the second largest investor in the country.
UK is the fourth largest trading partner of India with bilateral trade of $9.8 billion in 2006-07.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
