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"The meeting were very comprehensive. Both the sides

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Press Trust of India
discussed about various opportunities present in these areas in both the sides," a Ficci official who was present in the meeting said. Taking note of emerging Indian infrastructure sector, UK side expressed interest in India's ambitious Delhi-Mumbai Industrial Corridor (DMIC) project, the official said, adding both the sides pressed to remove hurdles in boosting trade and investment between the countries. "Issues like collaboration in defence sector including co-production, technology transfer, opening up of financial sector and cooperation among small and medium enterprises were discussed in great detail," he said. On the skill development issue, business community of both the sides talked about partnership between Indian and UK institutes. The bilateral trade between the nations stood at USD 16.25 billion in 2012.12. During April 2000 and November 2012, India has received FDI worth USD 17 billion from the UK. Earlier during his discussions with Prime Minister Manmohan Singh, Cameron was asked to help in ensuring an early conclusion of a fair, balanced and forward looking broad-based India-EU Trade and Investment Agreement, which will open new opportunities for trade and investment between the two countries. "We discussed ways to generate higher growth in our trade. I invited increased British investments in India, including in infrastructure and energy. We have asked our officials to explore British participation in India's National Manufacturing and Investment Zones and in a possible industrial corridor in the Mumbai-Bangalore sector," Singh said. Cameron, who is in India on a three-day visit, flew into the national capital this morning from Mumbai where he had stayed for a night. In Mumbai, he had announced that UK will introduce same-day visa service for Indian businessmen wanting to invest there and also clarified that there was no limit on the number of incoming students from India.

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First Published: Feb 19 2013 | 6:35 PM IST

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