(14 Nov) A day after deals worth £9 billion were announced between the two countries, Prime Minister Narendra Modi on Friday said that investment by British companies in India would be a “win-win partnership” for both countries as he talked of investment opportunities in infrastructure and renewable energy sectors. “We are confidently, consistently and ceaselessly working to integrate our economy with the world,” he told the India-UK CEOs forum. In his opening remarks, British Prime Minister David Cameron referred to Modi’s vision and intent for transforming India. Modi said economic ties are extremely important elements of the relationship between countries. He referred to his government’s initiatives such as ‘Make in India’, emphasis on infrastructure, opening up of FDI in various sectors, and commitments towards 50 million new houses by 2022 and 175 giga watts of renewable energy. The visiting Prime Minister said: “Investment by British companies in India would be a win-win partnership for both countries,” an official statement said. CEOs from both sides made brief observations.
“It was observed that the current time represents a ‘tidal wave of opportunity’ in India for investors,” the release added. Speaking of the historical ties and complementaries between the two countries, Modi said India-UK are economically made for each other and this relationship has to be driven by private sector CEOs. Modi added that the government wants to develop Indian railway stations through public-private partnership. He also said that the defence manufacturing is the backbone of ‘Make in India’ campaign.
The forum was co-chaired by Tata Group chairman Cyrus Mistry on the Indian side and Standard Life chairman Gerry Grimstone on the UK side. The forum was attended by the likes of Bharti Enterprises chairman Sunil Bharti Mittal, Tata Consultancy Services CEO & MD N Chandrasekaran and Bharat Forge chairman Baba Kalyani, PTI reported. The UK team included leading British company representatives like Vodafone chief executive Vitorio Calao, BAE CEO Ian King and Rolls-Royce CEO Warren East.
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3 Comments
Tara Nath Ghimire
The ongoing agitation in the Tarai (the southern lowland), further fueling the border blockade, would do no good to anyone. No Madhesh and Madheshi would get victory by waging such an agitation that has troubled own people back home. The border blockade has caused the shortage of daily essential goods, including medicines. “The agitation has also breached the rights to education of the children,”. The trade embargo imposed by India on Nepal is no way legitimate, southern neighbor should ease off the supplies at the earliest.
The border blockade has ignited the sense of patriotism, restraint and yearning for dignity among Nepalis.
Tara Nath Ghimire
Blockade at border points to end soon, assures PM
Tara Nath Ghimire
Soon means by next Dashai time.