Tuesday, June 24, 2008

CII President to lead Mission to UK

by Jo Black

Mr. Kamath, President, Confederation of Indian Industry (CII) and Managing Director and CEO, ICICI Bank Ltd, is leading a 13 member delegation as part of the CII CEO’s Mission to the United Kingdom on 19-20 June 2008, with the aim of augmenting trade ties between India and the United Kingdom and exploring opportunities for catalysing bilateral economic relationship between the two countries.

The objectives of the mission are to share India’s growth story; discuss common concerns on economic security; explore opportunities for innovation in manufacturing, education and healthcare services; and look to address issues faced by both British and Indian investors in each other’s markets.

The CII CEO’s Mission 2007 had affirmed that India and the United Kingdom are Strategic Partners and that this partnership is ensconced in the shared values of respect for democracy, freedom, human rights, pluralism and rule of law.

The 2008 annual CII CEO’s Mission to the UK is aimed at taking this relationship forward.

The opening up of the Indian economy has seen a shift in the bilateral economic ties between the two countries.

India, which has always been a net importer from the UK, has become a net exporter to the UK since 2004-05.

India’s trade surplus with the UK has since then increased to euro 785 Million.

UK and India are critical for each other. One of the ways that CII reflects this is by taking the annual CII CEOs Mission to the UK, led traditionally by the CII President.

This year’s Mission too led by the CII President, Mr K V Kamath, and will present to the British Industry and Government Officials the Indian Industry’s perspective on the changing global economic scenario and opportunities for the both the countries to address these growing concerns, aid Mr Chandrajit Banerjee Director General, CII.

 

 

 

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