India-UK trade to touch £ 1.5 bn by 2010

A report says trade between India and the UK is poised to reach 1.5 billion pounds by 2010 from the current level of 900 million pounds.

Trade between India and the United Kingdom is poised to reach 1.5 billion pounds by 2010 from the current level of 900 million pounds, led by sectors like healthcare, pharma, automotive, infrastructure and financial services, FICCI and Yes Bank said in a yet-to-be released report.

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The study outlines huge opportunities for British pharmaceutical companies to invest in India in areas such as research and development alliances, contract research and manufacturing (CRAM).

The report -- Strategic Knowledge and Economic Partnerships: India and UK -- also pointed at alliances for holding clinical trials in India, joint ventures for co-production of generics, process outsourcing, co-marketing alliances and data processing.

The study would be released at the FICCI-International Indian Film Academy Global Business Forum (GBF) at Leeds, UK on June 7, the chamber president Habil Khorakiwala said in a statement.

A 60-member FICCI delegation, led by the chamber President, is embarking on a three-day mission to the UK for the forum, the statement said.

The forum will have sessions on various areas of cooperation including clean energy, environment and sustainable development, ICT and telecom, entertainment, manufacturing, agri business and healthcare, pharma and biotechnology.