Dr Fox told Indian leaders that UK wants to forge deeper trade and investment arrangements with India and announced his participation and the UK’s commitment to the Joint Economic and Trade Committee (JETCO) to be held on 7th November alongside the India-UK TECH Summit.
Mr Jaitley said that Government of India places high priority on investment in infrastructure, manufacturing and service sectors. He said that the Government has set-up the National Infrastructure Invest Fund (NIIF) for attracting equity investments for development. He said that officials from both India and UK are jointly exploring creation of an India-UK sub-fund under the NIIF umbrella.
“I want Britain and India to draw on our unique bonds and shared experience to ensure that we work together across all spheres and are able to grasp the opportunities and face the challenges of our increasingly globalised and interdependent world,” Dr Fox wrote just before the journey. “Our strong ties are embodied in the 1.5 million British Indians, whose heritage is India but whose home is Britain. It is fundamental that these are strengthened and deepened so that we can continue to grow and prosper together.