Haryana, UK can create a win-win trade situation: Hooda | india | Hindustan Times
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Haryana, UK can create a win-win trade situation: Hooda

india Updated: Sep 19, 2013 19:35 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Haryana chief minister Bhupinder Singh Hooda on Thursday said both Haryana and UK could, and must synergise their mutual strengths to create a win-win situation for both sides as the state's economy, relatively younger work force and large market, could combine well with UK's technological and skill prowess and financial resources.

Speaking at the launch of the first UK-India Business Centre of the UK-India Business Council (UKIBC) in Gurgaon, Hooda said some mutual initiatives in the area of skill development were already under process. Tie-up with some of the leading UK universities in education sector offered another potential area, he added.

"I envision a greater collaborative effort between the UKIBC and state agencies, particularly Haryana State Industrial and Investment Development Corporation (HSIIDC), in furthering UK investments in Haryana," Hooda said.

He addedd that the state had more than 1,000 industrial units, set up with foreign technical and financial collaboration. "We also have the considerable presence of nearly 80 UK-based companies, with an investment of $275 million," he said, adding that availability of world-class infrastructure was necessary to facilitate sustainable development and flow of FDI into the state.