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'Huge potential for India-UK cooperation in services sector'

Press Trust of India  |  London 

and the can work together on manufacturing and developing global supply chains for the future and the services sector has a "huge" potential for several areas of collaboration, said here today.

Addressing an industry round-table co-organised by the Confederation of Indian Industry, Confederation of British Industry, Business Council and the High Commission of India, welcomed greater while sharing the latest economic developments and reforms underway in

"The services sector presents huge potential with several areas of collaboration for India and the UK. The two countries could also work together on manufacturing, developing global supply chains for the future," he said.

"Given the transformational nature of new and dynamic technologies, we must keep in view that disruptive change can also be constructive," he added.

Prabhu asked investors to persistently work on their concerns to ensure an enabling environment.

He said there were "significant" innovation opportunities that the two countries can leverage.

"Artificial Intelligence, genomics, microbiomics, advanced materials and are transforming the future and how we look at business for addressing global, socio-economic challenges in India," he said.

"With UK's prowess in the R&D ecosystem, there are significant innovation opportunities that the two countries can leverage," he said.

India's Y K Sinha and several officials from the and joined the discussion.

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

First Published: Fri, January 12 2018. 21:15 IST