Priti Patel MP, the Employment Minister and Prime Minister David Cameron’s Indian Diaspora Champion, said Modi’s visit was a “vibrant illustration of the partnership and the commitment we have to India”….reports Asian Lite News
The minister was speaking at the Bloomberg Policy India Summit on UK-India bilateral trade in London.
She praises the economic and skills agreements signed during the three day visit.
“This visit showcased the world’s oldest democracy alongside the world’s largest democracy. The UK and India already share a deep partnership based on shared values and as we all saw on Friday evening – the exceptional people-to people links,” said Priti. “What stood out for me throughout the duration of this visit was the natural affinity between our two countries, rooted in 1.5 million strong Indian diaspora in Britain that have contributed so richly to British life, success and identity.
“Our people-to-people ties, between British Indians and Indians have been strengthened as a result of Prime Minister Narendra Modi’s visit to the U.K. Ours is also a natural partnership for a mutually shared prosperity.
“In every walk of life, our cooperation is creating skills and opportunities for our people, and advancing our ability to harness science, technology and innovation for our nations and the world. The clear commitment to further strengthening trade ties between the UK and India as a key driver of growth and prosperity.
“The reinforcement of our bilateral trade in goods and services, and acknowledging the valuable contributions made by skilled workers to both countries’ economies has been prominent. This visit has truly been a vibrant illustration of the partnership and the commitment with have to India. As we heard at Wembley on Friday night we are indeed two great nations with one glorious future.”
The key economic highlights that will support Prime Minister Modi’s agenda of economic growth are:
@ Forthcoming economic and financial dialogue between our two Finance Ministers
@ The importance of the information technology and digital industries in both countries
@ The role the City of London will now play in channelling investment into infrastructure projects in India, through the establishment of an India-UK partnership fund under the umbrella of the National Infrastructure Investment Fund (NIIF). This will bring global investors through the City of London to help finance Indian infrastructure in a sustainable way, further supporting India’s rapid growth
@ Announcements by HDFC, Bharti Airtel, State Bank of India and Yes Bank to raise finance through the City of London which also opens up the opportunity for the Indian private sector to raise capital for their investment and growth
@ A new Ease of Doing Business Partnership including several different strands of work which will provide impetus to greater investments
@ The reconstituted India-UK CEOs Forum
Other areas to boost the growth of India:
@ Education, Skills, Science and Research are a key feature. On skills, we are supporting Prime Minister Modi to achieve his goal of preparing young Indians for the 21st Century
@ Under the new UK-India Skills pledge, 11 UK companies have committed to support skills development in India
@ Together, the UK government and UK businesses will establish new “Centres of Excellence” in key sectors, starting with a centre for Automotive and Advanced Engineering in Pune
@ It was agreed that 2016 would be the UK-India year of Education, Research and Innovation
UK will be the partner country for the 2016 Technology Summit in Delhi
@ Smart cities, the establishment of new healthcare facilities and a ground-breaking completion of negotiations for a Nuclear Cooperation Agreement and the signing of a Memorandum of Understanding (MoU) on closer civil nuclear collaboration between the UK and India was also announced. This signals a growing relationship in this sector.
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