| You are in: Business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monday, 6 January, 2003, 13:42 GMT UK aims to double Indian trade ![]() Patricia Hewitt wants the UK to be a gateway to Europe The British Trade Minister, Patricia Hewitt, has said efforts should be made to double trade with India over the next five years. Ms Hewitt told a conference in Hyderabad that trade between the two countries was now running at about �5bn ($8bn) a year. That's already twice as much as a decade earlier, but Ms Hewitt wants the figure to reach �10bn by 2008. The minister added that she hoped more British investment in India would create new business opportunities benefitting both countries. Ms Hewitt is in Hyderabad to attend the meeting of the Indo-British Partnership which aims to promote bilateral trade and investment. She also noted that India was becoming an increasingly important investor in Britain, with 350 companies operating in the UK. Thai gateway Later this week, Ms Hewitt will travel to Thailand in order to work on improving trade relations there. "Thailand is increasingly being seen as the gateway to South East Asia," she said ahead of her trip. "I want to encourage UK companies not only to boost their trade but also to share their expertise, their quality products and their innovative ideas with the region as a whole." And the Department of Trade and Industry is hoping that the UK, in turn, will be considered as a gateway into Europe. |
See also: 09 May 02 | Business 17 Sep 02 | Business 03 Dec 02 | Business 22 Nov 02 | Business Internet links: The BBC is not responsible for the content of external internet sites Top Business stories now: Links to more Business stories are at the foot of the page. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Links to more Business stories |
![]() | ||
| ---------------------------------------------------------------------------------- To BBC Sport>> | To BBC Weather>> | To BBC World Service>> ---------------------------------------------------------------------------------- © MMIII | News Sources | Privacy |