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India-UK trade volume to touch 10 billion dollars

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Kolkata, Feb 22 (UNI) India-UK trade volume will touch 10 billion dollars this fiscal, British Deputy high commissioner Dr Andrew Hall said today.

Growth of Indian exports to UK was high compared to UK's exports to India, he said at a CII programme.

The ten month trade volume grew by 29 per cent, he said adding that India's exports to UK grew by 47 per cent while UK's exports to India grew by 31 per cent.

He said nearly 500 Indian companies are operating in the UK. More Indian companies are listed in London Stock Exchange (LSE) as compared to NASDAQ or the New York Stock Exchange, he said.

Mr Hall called for a liberalised banking and insurance policy for India and said there are more scopes for joint ventures in the educational sector.

UNI TJP KK KLC1830

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