Indo-UK trade to double by 2015: Barker

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The two-way trade between UK and India is likely to double by 2015 while investment both way was growing too, UK minister Greg Barker said on Friday.

“The relationship with India is flourishing. We are looking at doubling trade by 2015 and investments both way are growing as well,” Barker minister of state for energy and climate change and business engagement with India told a seminar on ‘UK and West Bengal in Partnership’ here.

He said that the UK was the third largest investor in India, while India was the fifth largest in the UK, adding that this was the first time that a ministry responsible for improving business ties with India was formed.

“This is a reflection of the huge importance the British government places on business relationship with India,” he said.

Referring to West Bengal, he said that state government was very supportive and positive for a ‘great’ relation with the UK.

Barker said that there were top-notch UK companies which were able to give solutions for improving the infrastructure of the state as well for beautification of the Kolkata.

In his last visit to the city, Barker had signed an agreement with the Kolkata Municipal Corporation to collaborate in the development of sustainable, low carbon and climate change resilient metropolis.

The UK government would provide funds to the KMC through the DFID.