New Delhi: Leading a business delegation to India Mr Boris Johnson, Mayor of London, has sought investments from the country. Mr Johnson also asked India to open more areas like insurance for foreign investors.
As per the Mayor, businessmen of both the countries can collaborate in sectors like education, film-making, medical sciences and infrastructure development. “There is still so much which we can do. In every sector, I see a scope for Indian businessmen,” said Mr Johnson.
Business and financial city of London provides huge opportunities for Indian businessmen, added Mr Johnson. “There is economic complementarity between Britain and India and between London and India. I believe the scope for partnership is limitless. Come to London. This city is open for investments. We are open for trade and investments with India,” said Johnson.
Highlighting on the India-EU free trade pact, Mr Johnson said that the ongoing negotiations between India and European Union (EU) for a comprehensive free trade agreement (FTA) would be mutually beneficial for both sides.
The India-EU free trade agreement, officially termed as the Bilateral Trade and Investment Agreement (BTIA), seeks to greatly reduce the tariffs on goods and liberalise services and investments provisions. The bilateral trade between India and the UK stood at US$ 16.25 billion in 2011-12.
Mr Johnson also expressed his opinion on the visa issue. The Mayor said that London welcomes skilled people from all over the world including India.
According to Mr James Bevan, High Commissioner of UK to India, Britain offers best educational institutes and “a great place to do business’’. Over 70 Indian companies are listed on the London Stock Exchange. Firms like HCL have presence in London.
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