London meet: Govt to showcase investment possibilities

Government will showcase huge investment possibilities in India as well as steps taken by it to boost trade and investment including the ambitious 'Make in India' initiative at a meeting with industry leaders and Indian-origin businessmen in London on Thursday.
The aim of the meeting, in which senior government officials will participate, is to attract investment in sectors like infrastructure, energy, banking and smart cities projects from British industrialists and Indian diaspora.
The new government's efforts to turn India to a manufacturing hub, steps taken to offer a business-friendly environment and avenues for investment will be highlighted in the gathering which will be a prelude to two-day Regional Pravasi Bharatiya Divas from October 17 in London.

The meeting will also highlight the 'Clean Ganga' initiative, opportunities in industrial corridors and smart cities project and metro rail projects.
The Regional Pravasi Divas is being organised with an aim to connect with the UK's 1.5 million overseas Indians and deepen their economic engagement with India.
Officials said the business meet, being organised by Overseas Indian Facilitation Centre (OIFC), will bring together industry leaders from India and UK to discuss business opportunities for both trade and investments between the two countries.

"OIFC continues to see Europe, specially the United Kingdom as a very important geography - both from point of view of concentration of overseas Indians and for Indo-UK economic relations," Prem Narain, Secretary, Ministry of Overseas Indian Affairs and Chairman of OIFC said.

Over 150 delegates from the UK are expected to participate in the meet which include British entrepreneurs, businessmen.
"We are thrilled to be back in the UK with the Diaspora Engagement Meet and we plan to hold such platforms on an annual basis. India is reemerging as a much sought after destination for investment in the world and we see this juncture as the most opportune moment to bring all stakeholders - potential overseas investors, policymakers, business leaders - to facilitate inward investment and strengthen bilateral trade ties," said Chandrajit Banerjee, Co-chairman, OIFC & Director General, CII.
The meeting will see presence of Patricia Hewitt, Chairperson, UK-India Business Council; Uday Dholakia, Chairman, Indo-British Trade Council; and Ranjan Mathai, High Commissioner of India among others.

OIFC, a public private partnership between the Ministry of Overseas Indian Affairs and CII, was established in 2007 with the objective of supporting the Indian diaspora connect better with India and assisting them in deepening their economic and intellectual engagement with India.