World Economy

British PM Seeks to Tap India Market

British PM Seeks to Tap India MarketBritish PM Seeks to Tap India Market

British Prime Minister Theresa May will lead a major business delegation to India this week, using her first trip outside Europe since the Brexit vote to push for more trade with the world’s fastest-growing major economy.

While her government cannot yet formally open negotiations with the Indians on a trade deal, observers say May wants to send a message that Britain is already on the lookout for new bilateral accords outside the European Union, AFP reported.  

After flying into New Delhi late Sunday, May is due to address a conference of Indian industrialists before holding talks with her counterpart Narendra Modi who is also keen to ramp up bilateral trade.

The two leaders spoke by phone earlier this week when May sent greetings for the Hindu festival of Diwali. “Both leaders agreed there is substantial scope for further strengthening of bilateral cooperation across a range of sectors, including science and technology, finance, trade and investment,” Indian Foreign Ministry spokesman Vikas Swarup said of the call.

May will be accompanied by dozens of businessmen, including the inventor James Dyson who was a vocal supporter of the campaign to pull Britain out of the European Union.

Add new comment

Read our comment policy before posting your viewpoints