Britain has shown keen interest in joining hands with India for facilitating the development of investment zones for manufacturing sector, Commerce and Industry Minister Anand Sharma on Tuesday said.
New Delhi: Britain has shown keen interest in joining hands with India for facilitating the development of investment zones for manufacturing sector, Commerce and Industry Minister Anand Sharma on Tuesday said.
"Britain has shown keen interest to work with India for the establishment of National Manufacturing Investment Zones (NMIZs) or the industrial townships," Sharma said after the India-UK CEO Forum meeting here.
Two of these investment regions will come along the proposed Bangalore-Mumbai Industrial Corridor, which will link up with the Delhi-Mumbai Industrial Corridor. One is the IT investment region near Bangalore and second the manufacturing and investment zone, the NMIZ, which has been approved for Tumkur (in Karnataka), he added.
The forum meeting was co-chaired by Tata Group Chairman Emeritus Ratan Tata and Standard Chartered CEO Peter Sands.
It was attended by Godrej Group Chairman Adi Godrej, ICICI Bank Chief Chanda Kochhar, ITC Group Chairman Y C Deveshwar and Balfour Beatty Plc Chief Executive Officer Ian P Tyler, among others.
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."
Yesterday, British Prime Minister David Cameron had said he wanted UK companies to help India develop new cities and districts along a 1,000 km corridor between Mumbai and Bangalore, generating investment projects worth up to USD 25 billion.
The British business delegation is part of the entourage of Cameron, who is on a three-day visit to India.
The Forum membership comprises of the co-chairs and 10 CEOs or Chairpersons each from the UK and India to ensure bilateral focus on strategic sectors.
"The CEOs Forum had useful discussions. It has made focused, specific and practical recommendations to enhance the partnership between India and UK focusing on advance manufacturing, institutional linkages in education for R&D, also defence. So we will take forward the recommendations which have been given to us," Sharma said.