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India calls for UK participation in infra

Business

Indian Commerce & Industry Minister, Anand Sharma has called for greater participation from UK in building infrastructure in India.

Speaking at an interactive UK-India Economic discussion in New Delhi, Sharma said, “We have huge demands of infrastructure, and all projections indicate that we will be in a position to absorb US$1.7 trillion in infrastructure over the next decade.” He said British companies have established expertise in building world-class infrastructure, and India will look forward to greater partnership, greater collaboration and assistance in this endeavour.
The minister stated that India is a growing economy and it is one of the largest markets in the world and surely in a time of economic gloom, would be a factor of stability through exports and investments.
He also emphasised on the need to develop human resource as India is likely to add 500 million people in the workforce in the next decade. “The imperative of training them and making them equipped is an area where partnership with UK will be mutually rewarding. Recognizing this, the National Skill Development collaboration initiative has been taken by our government,” he added.
Sharma also had a bilateral meeting with Dr. Vincent Cable, Secretary of State for Business, Innovation and Skills, UK; followed by an MOU signing by both sides with regard to bilateral cooperation and economic engagement between the two countries.

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June 2020
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