UK's High Commissioner to India Sir Dominic Asquith, who made the announcement before media today, added that the focus will be on life sciences and chemical sector this time.
The UK was also a partner country in the previous two Vibrant Gujarat Summits held in 2013 and 2015.
"Britain will be a partner country in the upcoming Vibrant Summit. We plan to bring roughly about 100-member delegation to the event. This time, we will have two separate delegations, one representing life science business and another would be of chemical sector," Asquith told reporters.
Commenting about the future implications of 'Brexit' on its trade ties with India, Asquith said it will have a positive impact whenever Britain formally exits the European Union (EU).
"The impact will be beneficial to both India and UK. Because, there are already well established trading and investment ties between both the countries. UK is the largest G20 investor in India while India is the third largest investor in the UK. This shared interest will continue after we formally exit EU," Asquith said.
"Our trade with EU is declining and we are opening up market outside the EU. In this scenario, we are looking forward to collaborate with India in both the directions," he added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
