100 British firms head for India to signal business as usualJanuary 17th, 2009 - 4:00 pm ICT by IANS
London, Jan 17 (IANS) British Business Minister Lord Peter Mandelson is to lead a 100-strong business delegation to India next week, saying the two countries must not allow the economic downturn to undermine their strong trade ties.Mandelson will lead a team that includes civil nuclear players AMEC and Rolls Royce, infrastructure companies Arup and Benoy, the world’s largest law firm Clifford Chance, energy major Cairn, technology and engineering firm GKN, telecom multinational Vodafone and Standard Chartered bank.
The Jan 19-23 visit will take the team to New Delhi, Mumbai and Pune for discussions that Mandelson hopes will lead to deals even in the current economic slowdown.
“The UK and India are now facing many similar challenges. While we both are rightly geared towards tackling the effects of the global downturn, we must also strive to position our economies as leaders during the upturn,” the British minister said.
“We must not let the current economic downturn undermine the strong business relations that the UK and India have worked so hard to build. We need to identify key sectors where Indian and UK companies can work more closely together. I am convinced our efforts today will set us in good stead for tomorrow,” he added.
A senior Indian diplomat in London said Mandelson was in a “very upbeat mood” and, as former European Union Trade Commissioner, was slated to discuss the Doha Round with Commerce and Industry Minister Kamal Nath.
Mandelson will also meet Maharashtra Chief Minister Ashok Chavan and RBI Governor D. Subbarao.
With Law and Justice Minister Hansraj Bharadwaj, he will jointly launch a guide for Indian law firms on how to set up in Britain.
- The Who's who of business coming to India with Cameron - Jul 26, 2010
- Blue chip British companies at Kerala investor's meet - Sep 11, 2012
- Mandelson looks to 'value chain' on visit to India - Dec 17, 2009
- India, Britain agree on civil n-deal - Feb 04, 2010
- Eyeing India's nuclear pie, Britain goes on damage control - Jan 19, 2009
- Britain raises Vodafone tax issue with Mukherjee (Lead) - Apr 02, 2012
- Britain raises Vodafone tax issue with Mukherjee - Apr 02, 2012
- Gauri Advani of Eversheds joins UKIBC board - Jul 29, 2009
- Chris Cairns wins libel suit against Lalit Modi - Mar 26, 2012
- British aerospace firms eye partnerships at air show - Feb 03, 2011
- British firms ink multi-million pound deals in India - Jul 29, 2010
- 100 Indian firms take part in Sri Lanka trade fair - Jul 24, 2012
- British business minister on way, infrastructure deals on cards - Jan 14, 2011
- 25-member British team at Kerala investors' meet - Sep 05, 2012
- Britain wants India-EU trade deal by 2010 to protect jobs, increase trade (Lead) - Feb 23, 2010
Tags: british business, british minister, business delegation, chavan, clifford chance, current economic slowdown, economic downturn, global downturn, hansraj, indian diplomat, industry minister, infrastructure companies, kamal nath, london jan, peter mandelson, rbi governor, standard chartered bank, subbarao, trade ties, upbeat mood