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| Britain backs India's bid |
| Union Minister for Commerce and Industries Kamal Nath and British Chancellor of the Exchequer Gordon Brown at the Partnership Summit organised
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| INDIA
, 18-January-2007
1:50:52 AM |
| Britain's Prime Minister-in-waiting and Chancellor of the Exchequer Gordon Brown has expressed the country's support to India's bid for a permanent seat in the United Nations Security Council. He said this while delivering the keynote address at the Confederation of Indian Industry Partnership Summit here on Wednesday.
To double Britain's exports to India by 2010 and quadruple it by 2020, Mr. Brown said, the U.K. Trade and Investment (UKTI) in India would increase its support to fully fund the Indo-British Partnership Network.
Mr. Brown was all praise for Indian economy's "envious" eight per cent plus growth rate. The U.K. was the fifth largest investor in India and India the third largest investor in Britain. Yet, there was much scope to further improve bilateral ties, he said.
Deepening the links would be the focus of his visit to Mumbai on Friday. British banks and insurance firms wanted India to see Britain as a location of choice. This was in line with the British aim to keep London as the world's largest, most diverse and innovative and most open and well regulated capital market, he said.
Mr. Brown noted that India was one of the engines of the global growth. Britain, he said, should be a full participant and a partner of choice for India.
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