British minister on a trade mission to India
British Minister for Trade Ian Pearson, will be flying to India for a two-day visit, making it third trade and investment tour to India.india Updated: Jan 13, 2006 19:00 IST
British Minister for Trade Ian Pearson, will be flying to India on Monday for a two-day visit, making it the third trade and investment tour to India by the UK Government in a year.
The Minister will be accompanied in India by a 25 strong business delegation led by Indo British Partnership Network (IBPN) Chairman Karan Bilimoria CBE, DL. The delegation will include senior individuals from companies such as Standard Chartered Bank, GlaxoSmithKline, Virgin Atlantic and the London Stock Exchange, all of which are currently active in the Indian market.
Pearson said: "I am delighted to be returning to India after my visit with the Prime Minister in September 2005. UK and India are engaged in one of the most profitable and significant bilateral trade and investment partnerships in the world, with bilateral trade for the first three quarters of 2005 increasing by more than 27% compared to the same period in 2004.
"Throughout this visit I will have opportunities to meet with senior Indian ministers to talk about how we can work together to continue to achieve our shared goals in the international arena."
Biliomoria who is leading the business delegation, said: "The relationship between Britain and India is a strong and special one, and I am delighted that the IBPN Board is accompanying Minister Ian Pearson on this visit to India.
"The potential to significantly increase trade, business and investment, both ways, between our great nations is enormous." Bilimoria who had accompanied Blair and Pearson to India in September said the current visit " will build on our momentum and help us realise this potential."
During his trip Pearson will meet with British Exhibitors at Autoexpo in Delhi on January 16. In Chennai the Minister will address a seminar on financing growth in emerging economies. In Kolkata on January 18, he will address the Confederation of Indian Industry (CII) Partnership Summit.
Then the Minister will travel to Sri Lanka on January 19th to witness first hand the Sri Lankan Government's post-tsunami reconstruction effort and to meet with senior trade ministers. It will be the first visit by a British minister since the country held its election in November 2005.
First Published: Jan 13, 2006 19:00 IST