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Post-Brexit UK-India partnership can shape global economy: UK Minister

Press Trust of India  |  London 

The first-ever UK-Week was launched here today with the message that a post-bilateral trade partnership has the potential to shape the global economy.

Britain's for international trade Liam Fox, who is set to visit later this year for the next Joint Economic Trade Committee (JETCO), described India as foremost among the UK's allies and trading partners and hailed reforms initiated by the

"We are here to look to the future and lay out our ambitions for a trading partnership that has the potential to shape the global economy," said the senior

"In particular, as we leave the (EU), there is the opportunity for both countries to enhance this partnership opening up new sectors for business and minimising barriers to trade," said the in charge of the (DIT).

The launch event at in was marked by the release of the second edition of the '100 Most Influential in UK-India Relations' covering leading figures across business, politics, arts and who are seen as making a significant contribution towards enhancing the UK-India relationship.

"Collectively, these change-makers help to build a 'Living Bridge' between the UK and India something Prime (Narendra) Modi has long championed and encouraged," said Manoj Ladwa, Founder & of the organisers behind UK-India Week.

Matt Hancock, UK for Digital, Culture, & Sport, Indian of communication and the Indian High to the UK, Y.K. Sinha, were among the other prominent guests at the event.

"It is important that India and the UK ensure that the true potential of this relationship is tapped. As the UK leaves the EU and as India grows steadily, yet surely, there is a definite match between the two countries," said Sinha.

The week-long set of events are aimed at bringing together senior figures in the UK with their counterparts from India for high-level talks.

It will include a two-day UK-India Leadership Conclave tomorrow and Thursday, when ministers and business leaders from both countries will descend upon Latimer Estate in the English countryside in to address the prospects of post-partnership opportunities.

"UK-India Week celebrates the strong partnership between the UK and India and is a catalyst for promoting opportunities for future collaboration," Ladwa said.

"There is a huge opportunity for these two great countries now equals on the world stage to harness their shared values, trade, technology and talent to enhance prosperity at home and around the world," he said.

The conclave, backed by the (FICCI) and (CII) as well as leading Indian companies like Infosys, Ola Cabs, and Hero Future Energies, will include a Global Investors Forum and Young Leaders Forum as well as spin-out sessions on smart cities, soft power, and climate change.

Alongside hard-hitting political and economic debate, the conclave now in its fifth year will celebrate the cultural ties between the UK and India, including an early morning yoga session in celebration of International Day of Yoga on Thursday.

UK-India Week will culminate with the second annual UK-India Awards in on Friday, to honour high-achievers within the bilateral space.

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

First Published: Tue, June 19 2018. 09:35 IST