"India-UK relations are close, whether in the area of people to people, governance or corporate affairs. There has been intense exchange at every level including visits of CEOs of companies," Bhagwati said at a reception he hosted for international media at the India House here last night.
At present, 25 officers from various departments of the Government of India are on a week-long programme at the School of Business at Cambridge.
In terms of trade, Bhagwati said, "It is growing at almost 30 per cent - during the last 12 month. There is opportunity to do more and add little more value."
The bilateral trade crossed USD 16 billion last year.
Of the 1,200 Indian businesses in the EU, more than 700 are in the UK.
