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Britain shows interest to work with India on industrial development

20 Feb 2013 Evaluate

Britain has shown keen interest in joining hands to work with India for the establishment of National Manufacturing Investment Zones (NMIZs) or the industrial townships for facilitating the development of investment zones for manufacturing sector.

After the India-UK CEO Forum meeting, Commerce and Industry Minister Anand Sharma said 'we hope that the experience in advanced manufacturing and the technologies that Britain has in diverse sectors, including nanotechnology, aerospace, biotechnology, energy and life sciences, would be used.'

British Prime Minister David Cameron, who is on a three-day visit to India, is representing the British business delegation for India, has said that he wanted UK companies to help India for developing new cities and districts along a 1,000 km corridor between Mumbai and Bangalore, generating investment projects worth up to $25 billion.

Britain has shown keen interest to work with India for the establishment of National Manufacturing Investment Zones (NMIZs) or the industrial townships, two of these investment regions are likely to come along the proposed Bangalore-Mumbai Industrial Corridor, which will link up with the Delhi-Mumbai Industrial Corridor.

The India-UK CEO Forum comprising of 10 CEOs or Chairpersons each from the UK and India to ensure bilateral focus on strategic sectors will focus on specific and practical recommendations to enhance the partnership between India and UK focusing on advance manufacturing and institutional linkages in education, R&D and also for defence sector.

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