The bilateral trade between India and UK, which was almost doubled to 5 billion pounds after the launch of Indo-British Partnership (IBP) initiative 10 years back, will achieve the same kind of record within the next five years, hoped Patricia Hewitt, the British minister for trade and industry.
Addressing a session on Indo-British Economic relations at CII Partnership Summit here today, she said that UK was now one of the largest cumulative investors in India and India had also become an important investor in UK with about 400 companies operating in UK, of which over 275 companies were in information and communication technolgy (ICT) sector.