Ahead of visit, PM Modi sees immense scope for improving India-UK economic ties

New Delhi, Nov.10 (ANI): Prime Minister Narendra Modi on Tuesday said that he saw immense scope for improvement in economic and trade relations between India and the United Kingdom.

In a series of Facebook posts, Modi said that he would be visiting the United Kingdom (UK) and Turkey from November 12 to November 16, 2015.

Commenting on the United Kingdom leg of his trip, he said, “My visit is aimed at strengthening cooperation with a traditional friend that is not only a major economic partner of India but also one of the leading economic players of the world. India and UK are two vibrant democracies, which are proud of their diversity and multicultural societies.

UK is one of the fastest growing G-7 economies and is home to a strong financial services sector. It is known for its innovative zeal and for its creative industries. You would be interested to know that UK has the largest diplomatic presence in India and is the third largest source of foreign investment in our country. India too is the third largest source of FDI (in terms of the number of projects) in UK. I see immense scope for our economic and trade relations to improve and this will benefit both our economies.”

Citing defence cooperation as another area of significance for both nations, Modi said, “We have traditionally been cooperating extensively on defence and security issues and this visit will build on strong ties. Defence manufacturing will be a prime focus in my talks.”

“There will be deliberations on clean energy and I will seek to achieve progress in our endeavour to make clean energy more affordable and accessible for the 1.25 billion people of India, as also to enhance bilateral cooperation in the fields of science, technology and education. UK remains a preferred choice for Indian students,” he added.

Stating that he would be the first Indian Prime Minister to visit the UK in almost a decade, Modi said that while he had met Prime Minister David Cameron at various international forums and had productive interactions with him, this bilateral visit would “deepen our ties and we will cooperate extensively in a range of areas of shared interests.”

Prime Minister Modi said that apart from official delegation-level talks, he would be attending a wide range of programmes, including a luncheon meeting with Queen Elizabeth II at Buckingham Palace.

“There will be comprehensive talks with Prime Minister David Cameron. We will meet in London and then at Chequers. We will be discussing a variety of issues of mutual interest,” he said.

“To explore avenues of more effective economic cooperation, I will interact with CEOs at a roundtable in London. I always look forward to such discussions because it entails frank dialogue and constructive feedback from investors. My message to the business community is clear – come, make use of the opportunities India is offering and invest in India,” he added.

He said that he would also be addressing the British Parliament and the City of London at separate events, besides visiting the Jaguar Land Rover factory at Solihull.

People-to-people ties are crucial for every bilateral relationship to grow, the Prime Minister said, adding that the UK is home to a 1.5 million-people strong Indian diaspora, who have contributed greatly to society in different walks of life.

“We want to deepen the bond between our diaspora and the people of India. On November 13, I will address our diaspora community at Wembley Stadium. I have already requested you to share your inputs and thoughts for through the mobile app. I will meet some of you who will share their ideas and attend the event,” he said.

He also said that it is a matter of immense joy and pride that he would be visiting the place where Dr. Babasaheb Ambedkar, the Father of the Indian Constitution, lived during his stay in London.

On November 14, I will unveil a statue of Basaveshwara, a great scholar, philosopher and statesman who contributed greatly to our culture and tradition. (ANI)

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