Mumbai, Nov 03: Ahead of the EU-India summit in Delhi this month-end, ambassadors of the European union nations today reviewed the recent major happenings in India including the peace proposals by External Affairs Minister Yashwant Sinha towards normalisation of Indo-Pak relations. "We exchanged our information and evaluations to help form opinion for the EU as and when we will be asked for," Italian Ambassador Benedetto Amari told reporters after the the meeting of ambassadors from the EU nations here.
Welcoming the peace proposals extended to Pakistan, Amari said it would bring about peace, stability and normalisation in Indo-Pak relations and in Kashmir.
EU feels that Indian government was "too slow" in bringing out economic reforms, Amari said and added that the government should accelerate the pace of reforms.
"We have never doubted the political will of the Indian government but the reforms should be quickened," he said adding that many people in Europe with lots of money wanted to invest in India but were waiting for the right ambience for investment.
He said the India-EU summit which would be held from November 29 in Delhi, would focus on furthering economic cooperation in key five key areas, manufacturing, information technology, pharmaceuticals, chemicals and food processing.
Describing EU as one of the largest trading partner of India, Amari said the annual trade between the two sides stood at USD 25 billion and the investment flow to India from EU at USD 2 billion annually.
Bureau Report