The Confederation of Indian Industry expects an upswing in the Indo-UK bilateral relations under new British Prime Minister Gordon Brown.
"It will be a stepped up relation, not stepped down relation," President of CII, Sunil Bharti Mittal said on Tuesday night.
Mittal and Phiroz Adi Vandrevala, Co-Chair of Indo-British Partnership told reporters Gordon Brown's visit to India as Chancellor in January 2007 was "extremely positive." "He will be an extremely good friend of India as Prime Minister," Vandrevala, Executive Vice President of Tata Consultancy Services said.
Mittal noted that the outgoing Prime Minister Tony Blair was a "great friend of India" and a popular one too. "During his visit to India, he was all praise for India, its IT and Biotechnology achievements and India as a knowledge society." Under Brown, "it will be a stepped up relation, not stepped down relation," Mittal said.
Mittal, Group CEO of Bharti Enterprises, is leading a 12-member CII delegation to UK and held, during the last two days, a series of discussions with UK businesses inviting them to invest in India, particularly in infrastructure and food industry.
Asked about progress in implementing the tie up between Bharti Enterprises and American WalMart, Mittal said a formal agreement on their joint venture would be signed "fairly soon" and most probably next month.