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Business event in London to boost India-UK trade

India's economy is one of the fastest growing in the world and offers huge trade and investment opportunities for London companies.

india Updated: Mar 27, 2006 20:07 IST

Chancellor of Exchequer Gordon Brown has announced plans to increase trade with India.

"The Foreign and Trade Secretaries have revealed that a revamped UK Trade and Investment (UKTI) will set new targets for expanding trade with China, India and other emerging economies," Brown said.

India's economy is one of the fastest growing in the world and offers huge trade and investment opportunities for London companies, he added.

A event, hosted by the UKTI, gave small and medium sized UK companies an insight on how to do business in India.

"We can open doors by providing a range of services that no one else can equal, from trade visits, one-to-one professional advice to receptions at the High Commission with access to ministers and leading business people," UKTI London Director David Baxter said.

An increasing number of British companies are building partnerships in India to improve their international competitiveness and UK exports to India have risen by 25 per cent in 2005.

The meeting offered an insight into the basics of doing business in India and on overview of the marketplace.

First Published: Mar 27, 2006 20:07 IST