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The Commonwealth’s India Trade and Investment Forum was launched by the Commerce and Industry Minister, Shri Kamal Nath, at Marlboro House in London yesterday – a historic venue which is the international headquarters of the Commonwealth. Following this launch, the Commonwealth Business Council in collaboration with the Ministry of Commerce & Industry (Department of Industrial Policy & Promotion) and the Confederation of Indian Industry (CII) will organise a meeting of the India Trade and Investment Forum in New Delhi from 9th to 11th March, 2005. The launch was attended by over 100 top businessmen of the UK.
As part of this initiative, 5 Commonwealth countries have been identified as “Global Gateways to India” in terms of foreign direct investment (FDI), namely, the UK, Malaysia, Australia, Canada and South Africa.
The Forum is aimed specifically at encouraging investment in India from other Commonwealth countries. Different commonwealth countries are selected for investment focus from time to time and this year it is India. On the occasion, Shri Kamal Nath reiterated the vast investment opportunities in India both in the manufacturing and services sectors and invited collaborations with UK partners.
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SB/MRS
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