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April 19, 2000
BUDGET 2000 |
India, UK to set up 200 joint venturesIndia and Britain today decided to set up 200 joint ventures in small and medium scale sectors and set a 5-billion pound target for bilateral trade over the next two years. This was decided at the first meeting of the Indo-UK Round Table in New Delhi. The two sides took a number of measures for enhancing and deepening commercial and political cooperation. The joint ventures would help exploit opportunities in the rapidly expanding global knowledge economy. The two-day meet, which was inaugurated by Indian External Affairs Minister Jaswant Singh and British Foreign Secretary Robin Cook, identified information technology, biotechnology and traditional industries as main areas for enhanced cooperation. The Round Table was co-chaired by Deputy Chairman of the Planning Commission K C Pant and Lord Swraj Paul. Pant and Lord Paul said the meeting covered a range of issues, including trade and commerce, information technology, energy infrastructure, and science and technology.
The interesting and important ideas and suggestions that emerged from the first meeting of the India-UK Round Table include:
The second meeting of the Round Table will be held in the UK on October 9-10, 2000. UNI ALSO SEE India, UK to launch bilateral trade initiative Cook dishes out recipe for privatisation
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