India dossier to aid UK firms in contracts war

Font Size

Print

Feedback

Email

Discuss

Related Articles

Tata cuts Corus steel outputIndian-origin executives head a dozen Fortune 500 ...Gulf bank's India fund gets overwhelming responseEU, US business against more WTO concessions

London, January 16:: A British minister has launched a report that details every major Indian infrastructure contract up for tender in an effort to boost the chances of firms in UK win their share of the business.

Britain's Trade Minister Lord Digby Jones launched the ground-breaking report, compiled by global audit firm KPMG, that details every major Indian infrastructure contract up for tender.

Lord Jones told The Daily Telegraph that the Indian government had plans to spend USD 500 billion on infrastructure over the next ten years and the report would help British firms to win their share of the work.

"The Indians see us as good business partners, as people that partner well," Lord Jones said, pointing to the number of Indian companies listed on the London Stock Exchange and the fact that 60 per cent of all Indian investment in Europe is with Britain.

"But France is breathing down our necks and America is breathing down our necks. That comparative advantage and goodwill will not be around for ever. Now is the time before they catch up," he cautioned.

The minister presented the report, which is available from UK Trade and Investment, and an initiative to promote Britain's advanced engineering sector, in front of 100 Indian infrastructure companies in New Delhi.