Harping on the technological expertise attained by British companies in infrastructure sector, The UK has offered to collaborate in such projects, including the proposed Lucknow Metro Rail Project.
“UP has major plans in infrastructure development and UK-based companies have vast experience in the development and delivery of such projects,” Barry Lowen, director, UK Trade & Investment, British high commission, said here on Wednesday.
More From This Section
He is leading an eight-member business delegation to hold discussions with senior UP government officials and businessmen to explore two-way investment opportunities and alliance with local entrepreneurs.
The key areas of mutual business interest have been identified as education, vocational skills, infrastructure, energy, agriculture and genetics/technology.
Lowen showcased UK as an ideal investment destination for Indian entrepreneurs due to its lower corporate tax, simplified business regulation and a range of lucrative sectors.
He said UP not only played a significant role in India’s growth and development, but also occupied a central position in UK’s endeavour to strengthen trade ties with India.
The visit is under the aegis of UK GREAT Trade roadshow for strengthening UK-UP partnership. It is a British government’s international marketing campaign showcasing best of what Britain has to offer to encourage foreigners to visit, study and do business with the UK.
It is a part of 10 such events planned across India, aimed at strengthening business ties between India and the UK.
“In today's discussions, we have identified areas where we can exchange expertise and knowledge and grow partnerships between Indian and UK businesses. There is immense potential to grow even more trade and investment between the UK and UP,” Lowen underlined.