SME Times is powered by   
Search News
Just in:   • How MMS & SMS stripped Religare bare of Rs 3,000 cr  • Govt loans from RBI down to Rs 402 cr in week ended Oct 11  • Sebi tightens norms for resignation of auditors  • Trade wars, protectionism impacting global trade, investment: FM  • Concerns raised in 2016 over Boeing 737 MAX safety 
Last updated: 27 Sep, 2014  

India.UK.9.Thmb.jpg UK to invest in India's infrastructure sector

Infrastructure.9.jpg
   Top Stories
» Trade wars, protectionism impacting global trade, investment: FM
» RBI Governor hints at further rate cuts
» Development of NE always top priority: Minister
» 'Defence exports to rise to Rs 35k cr'
» India calls on G-20 to take steps to revive growth
SME Times News Bureau | 15 Jan, 2011
Britain is set to make a renewed pitch for making greater investment in India's infrastructure sector which requires $1-2 trillion over the next few years when British Business Minister Vince Cable comes in New Delhi on a three-day visit next week.

Accompanied by a large business delegation that will include top corporate honchos representing leading British companies like Agusta Westland, BAE Systems, Intelligent Energy, and Rolls Royce, Cable will begin his visit to India from its financial capital Mumbai Monday. He is Britain's secretary of state (minister) for business, innovation and skills.

He will call on Maharashtra Chief Minister Prithviraj Chavan and State Bank of India chairman O.P. Bhatt. He will attend a meeting of top industrialists at an event co-hosted by the Confederation of Indian Industries (CII), where he will speak on globalisation and the role of emerging markets in world trade.

Cable will also attend an event that will launch the Indian subsidiary of Smiths Medical International, a leading global manufacturer and supplier of medical equipment, the British high commission said in a statement here.

In Delhi, Cable will co-chair the annual meeting of the UK-India Joint Economic and Trade Committee (JETCO) with Commerce Minister Anand Sharma Wednesday.

The accent will be on scaling up British investment in infrastructure sector which could require $1-2 trillion in the next few years. Cable will be present to witness the launch of the British India Infrastructure Group (BIIG) and hold meetings with Road Transport and Highways Minister Kamal Nath. An agreement between British companies and the National Highways Authority of India is expected to be signed.

He will also meet Corporate and Minority Affairs Minister Salman Khurshid.

Cable's visit comes at a time when Britain is betting on the high economic growth of emerging markets like India to boost its own economy. Around 3,000 British companies are planning investments in India, a British official said.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 20 Oct, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Yes
 No
 Can't say
  Commented Stories
» TradeIndia partners with Google to promote SMEs(1)
» Collateral free loans available for MSMEs: Minister(1)
» Credit off-take by banks slows to 8.8 pc: RBI data(1)
» MSME growth stifled by restricted access to credit, equity: Banka CFO CEO(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter