Britain looking to double bilateral trade with India by 2015

Bs_logoImage
Press Trust of India Chandigarh
Last Updated : Jan 20 2013 | 3:44 AM IST

UK's High Commissioner James Bevan told reporters here that Britain would also cooperate in a host of other areas including research and innovation.

He said MNC giants Vodafone and BP remain big investors in India and that about two-thirds of the total Indian investments in the European Union goes to UK.

Bevan said Britain was hopeful of bilateral trade between the two countries getting doubled from the level of 10 billion pounds in 2010 by 2015.

He said both sides were also keen to give further fillip to the investments.

The High Commissioner said UK recently announced opening of two more missions in India, making it one of the largest diplomatic network in any country.

"We will be opening two new Deputy High Commissions in Chandigarh and Hyderabad," he said.

"We will open the one in Chandigarh sooner rather than later. Hopefully, we will cut the red ribbon (inaugurate it) by the end of this year. A British diplomat will head this mission..

"Regarding the one in Hyderabad, we already have a building there. Next week, I will be travelling there and do the unofficial opening while we will try to have a VIP come down later (to do the formal opening)," he said.

Besides the British high commission in New Delhi, there are UK missions in Mumbai, Kolkata, Chennai and Bangalore. It also has two trade offices in Pune and Ahmedabad.

  

Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 23 2012 | 8:05 PM IST