British Minister calls for greater commercial collaboration with India
This is the Secretary of State’s first visit to India in his current role.
The visit aims to boost UK-India bilateral commercial ties and highlights the importance of India as a key strategic partner across trade, investment and defence.
In New Delhi, Fox met Indian Minister for Finance Arun Jaitley and discussed furthering economic cooperation with India.
He met Minister for Commerce Nirmala Sitharaman.
They spoke at length about forging deeper trade and investment arrangements between the two countries.
Fox announced his participation and the UK’s commitment to the Joint Economic and Trade Committee (JETCO) to be held on Nov 7 alongside the ‘India-UK TECH Summit’.
Fox met the President of Confederation of Indian Industries (CII), Naushad Forbes and explored the potential to further improve UK-India business relationships during JETCO and the ‘India UK TECH Summit’.
The UK is the country partner for the Summit in partnership with CII, as announced by Indian Prime Minister Narendra Modi during his highly successful visit to the UK last year.
The TECH Summit will demonstrate the depth of India-UK partnerships in business, innovation, research, education and entrepreneurship, with the biggest showcase of British expertise and commitment to strengthening relationships in every sphere.
It will also host a major delegation from the UK, highlighting the UK’s capabilities across important sectors like smart cities, healthcare, advanced manufacturing, agri-tech, education and skills.
While addressing a gathering of senior CII members Fox said: “The UK-India partnership lies at the very heart of the strategic relationship between our two nations, a relationship that has never been more important than it is today.”
“The India-UK Tech Summit in November will be a further celebration of this partnership, where sector experts ranging from smart cities, healthcare, agri-tech and others will come together to boost trade, R&D as well as academic ties between the UK and India.”
CII President Forbes said:“Technical capability is the source of prosperity for business. The India-UK Tech Summit promises to be a platform which will unleash new possibilities and add new dimensions to our long relationship.”
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