CII to seek more business avenues in Britain

June 15th, 2008 - 4:39 pm ICT by IANS  

New Delhi, June 15 (IANS) A 13-member delegation of chief executives will visit Britain over June 19-20 to augment economic ties between the two nations. The team, led by Confederation of Indian Industry (CII) president and ICICI Bank managing director and chief executive K.V. Kamath, is part of the CII CEO’s Mission to explore more business opportunities.

The delegation will look at innovations in manufacturing, education and healthcare services, and look to address issues faced by both British and Indian investors in each other’s markets.

“Britain and India are critical for each other. CII will present to the British industry and government officials our perspective on the changing global economic scenario and opportunities for both countries”, CII director general Chandrajit Banerjee said.

The members of the delegation will participate in and address The 11th Chatham House Conference on Climate Change 2008.

With close to 500 Indian companies in Britain, 75 percent of which are in the IT sector, India has emerged as the third largest investor there.

Similarly, Britain too is the third largest investor in India after Mauritius and the US for the period August 1991 to December 2006. India’s trade surplus with Britain has increased to

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