In recent news from New Delhi, The India-UK CEOs Forum will soon recommend that the two countries find ways to enhance trade and investments. Headed by Tata Sons Chairman Ratan Tata, the Forum has ten members on each side. From the UK, this includes CEOs from Standard Chartered, BAE Systems, JCB, KPMG, Rolls Royce Plc, Vodafone Group Plc, and others.
Words from the Forum
From India’s side, those involved include Aditya Birla Group, Bharti Enterprises, Godrej Group, ICICI Bank, ITC Ltd, Mahindra & Mahindra and Wipro Ltd.
The statement, issued by the Forum after a bilateral meeting of Commerce and Industry Minister Anand Sharma and UK Minister of State for Trade and Investment Lord Green, said, “The CEOs Forum will make recommendations to the two governments on how to increase the levels of trade and investment in each other’s economies.”
Imports and Exports
The major exports that India sends to the UK include cotton, transport equipment, gems and jewelry, pharmaceuticals and chemicals. Imports include precious, semi-precious stones and electronic goods. During the 2009-2010 year, bilateral commerce between the two was USD 11 billion. Time will tell if they can expand upon this number in the coming year.