1. New UK govt calls for stronger trade relation with India

New UK govt calls for stronger trade relation with India

UK Business and Energy Secretary Greg Clark has called for stronger bilateral trade ties with India and asked British companies to take advantage of opportunities the country presents.

By: | Published: August 11, 2016 8:21 PM
Clark, who was on a visit to India earlier this week held talks with Power, Coal, New and Renewable Energy and Mines Minister Piyush Goyal and Oil Minister Dharmendra Pradhan, discussed the business relationship between the two countries. (Reuters) Clark, who was on a visit to India earlier this week held talks with Power, Coal, New and Renewable Energy and Mines Minister Piyush Goyal and Oil Minister Dharmendra Pradhan, discussed the business relationship between the two countries. (Reuters)

UK Business and Energy Secretary Greg Clark has called for stronger bilateral trade ties with India and asked British companies to take advantage of opportunities the country presents.

Clark, who was on a visit to India earlier this week held talks with Power, Coal, New and Renewable Energy and Mines Minister Piyush Goyal and Oil Minister Dharmendra Pradhan, discussed the business relationship between the two countries.

The meetings discussed future cooperation between the two nations and “considered ways to develop even stronger trade links following the UK’s vote to leave the European Union,” Clark’s office said in a statement.

“The UK has a long-standing trade relationship with India and we want this to grow and prosper. That is why I wanted to meet with government ministers and key business leaders in the country to make clear that the UK is open for business and will continue to thrive on the world stage,” the statement quoted him as saying.

Stating that the UK is already the largest G20 investor in India, he said the two countries “would mutually benefit from working together, particularly in the energy sector.”

India is the third largest investor in the UK.

“The UK is already the largest G20 investor in India and I want to nurture these trade links further, deepening our co-operation on areas such as energy and infrastructure,” he said.

The Business and Energy Secretary’s visit to India was the first by a UK Cabinet Minister since Theresa May became Prime Minister.

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