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Encouraging investments between entrepreneurs of two nations:

Press Trust of India  |  Chennai 

The was pushing for more investments in India, connecting entrepreneurs from both the countries, a said here today.

"We are trying to encourage investment rather than focusing on individual big deals," Commissioner, told reporters.

He was responding to a query on the impact of Walmart's acquisition of for USD 16 billion last week.

Elaborating, he said, "to be honest, all those big deals do not require involvement of government participation. They happen between businesses."

"What we are trying to do is connect entrepreneurs in both directions," he said.

In the biggest deal in the booming e-commerce sector, had on May 9 announced that it was buying 77 per cent stake in for about USD 16 billion (Rs 1.05 lakh crore).

Later in a brief interaction with PTI, Joshi who would be leaving office in September upon completing his tenure, said it was an amazing experience to serve a diversified country like

"We have loved it. It is such an amazing country. I have fallen in love with twice. First, when I had come in 1992 and got graduated and second in a different way (as Deputy High Commissioner)," Joshi who is of Indian origin, said.

The role played by Deputy on the release of few British nationals, Estonians and Ukranian sailors after their ship was impounded by local authorities of coast was also one of the highlights last year, he said.

"We were working with the group of people for four years. I am very happy that they were able to go back to their families (following their acquittal)," he said.

In November 2017, the acquitted 35 crew members of a private US Ship, 'Seaman Guard Ohio' convicted for illegally entering Indian waters in 2013 with weapons.

The arrested included 25 foreign nationals and 10 Indians.

On employment generation by Indian companies in the UK, he said, "5,500 jobs were created in the by Indian companies and one in 20 jobs in the formal sector was created by a UK company in "


To a query on the outlook for current year, he said, "we will be doing a lot more in health care. I think, we will be seeing a lot more investments coming in digital healthcare, services in the Indian market."

Joshi noted that the investments from and were high in and lot of Information Technological companies were setting up back offices for their global businesses.

He said the was also supporting the proposal to set up a in Chennai, by Software Technological Parks of India along with Government of

"We are also supporting that process. We are looking at how we can use expertise to help create that park," he said.

On the number of visas processed last year, he said it stood at 5.50 lakh, with an increase of 11 per cent compared to previous year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 17:15 IST
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