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British cos looking to invest in North East

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Press Trust of India Guwahati
British companies have been looking to invest in infrastructure development of North East, especially constructing new roads and rail links, a top official said.

"My commercial team from the UK Trade & Investment make regular visits to North East to promote bilateral business ties. I hope to work closely with both state governments and industry in North East to foster closer India-UK partnership in the region," British Deputy High Commissioner to Eastern India Scott Furssedonn-Wood said here.

The British Council has been actively working with governments in the education sector in many states, including Assam, he said at the inauguration programme of a seminar here.
 

"There are initiatives to upgrade infrastructure and create new roads and rail links. British companies are keen to pursue some of these opportunities and work with local partners," Wood said.

The Indian government's 'Look East' policy is likely to increase trade with ASEAN countries and benefit this region, he added.

"I am sure this region has tremendous growth opportunities, especially in sectors like infrastructure, education and training, oil and gas, power, low carbon development and healthcare. I know there is ongoing business to business dialogue with companies and governments in the North East to promote trade and commerce," Wood said.

He, however, said there cannot be business and economic growth without peace and stability.

"I would say that rooting out conflict and ushering in peace is an essential prerequisite for real development to occur. That is particularly true here in North East India. There is tremendous economic potential here and the regional economy is growing," Wood said.

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First Published: Feb 03 2014 | 6:20 PM IST

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