UK hails Make-in-India campaign, plans investment in Rajasthan
UK investors are keen to support Prime Minister Narendra Modi's "Make In India" concept by doing business in the country, an Indian-origin British parliamentarian said on Wednesday.
Jaipur: UK investors are keen to support Prime Minister Narendra Modi's "Make In India" concept by doing business in the country, an Indian-origin British parliamentarian said on Wednesday.
Addressing a conference here, UK's Parliamentary Under Secretary of State for Energy and Climate Change Baroness Sandip Verma said Modi's concept of "Make In India" was an absolute and excellent direction forward and British investors wanted to come to India and support it.
"We are pleased to hear Prime Minister Modi on Make-In-India that is an absolute and excellent direction forward, because we investors in Britain want to come to India and support Make-In-India moves," addressing a session on strengthening UK Trade with Rajasthan organised by CII here, Verma said.
Verma who led a delegation of experts meeting Rajasthan Chief Minister Vasundhara Raje earlier in the day said, British
investors wanted to come to India specially Punjab and Haryana and now in Rajasthan as Chief Minister Raje had taken interest and created opportunities in renewable energy, solar and winds and climate change.
Stating to have worked in a number of departments in the UK, Verma said, "We (UK-Rajasthan) need to have a long-term relationships and with a long term vision. We are considering a skill development agenda, agro-technology and other sustainable issues to be worked out in Rajasthan".
"We had constructive discussion with the CM today, we want to look at investor community and many other opportunities...Many British investors want to be partner with Rajasthan," she said.
Verma said, "Since Rajasthan is providing opportunities, all investor community in the UK wants certainty of the environment, certainty of policy and certainty of the state and central government where they (investors) are investing."
Stating the UK is 4th largest investor in India, she said, "We made business in the UK very easy...It is like journey of two roads, coming and going...We have not divided loyalty but we have started loyalty for long... We have commonalty for investment in India we have ability to do it."
"UK investors want investment in renewable energy sector (solar and wind), emissions, cleaner energy, and will be able to achieve goals in partnership," she stressed.
"Coal is another sector but the UK wants to phased it out by the year 2020 mid. India is dependent on coal energy... How to use it, technology to clean it, and positive energy applications," she said.
"Climate change targets would be another major area of investment in Rajasthan too," Verma said, adding Rajasthan has great potential in tourism and huge opportunities that UK investors were considering for investment.
According to a release from CMO after Raje's meeting with the UK delegation here, Verma said the UK businesses not only want to participate in solar and other renewable energy generation in Rajasthan but also keen to invest in manufacturing of components including solar cells in Rajasthan, thereby building the skill base in this sector.
She also offered to share the experience of the British department of energy in supporting companies involved in renewable energy.
A team of officials from the British department of energy would visit Rajasthan and interact with their counterparts in the state," Verma added.
Raje expressed her desire to see a dynamic partnership of the small-scale industries in the state with SME units in England.
Raje also briefed the delegation on Rajasthan's skill development programme and in response the British delegation expressed enthusiasm in partnering with the government of Rajasthan in skill development and education.
The Chief Minister and Baroness discussed issues related to partnerships and benefit sharing in the backdrop of economic liberalisation.
Verma said that Rajasthan is extremely important to UK and given the enduring ties between the UK and India, Rajasthan becomes a natural partner.
Both leaders agreed to high level interaction to explore sectors of mutual promise including healthcare, smart cities and waste management.
Verma invited Raje to visit the UK and in response the CM assured that a visit to Britian was certainly on the cards.