'India significant for Commonwealth countries'

New Delhi, Oct 6: As the Commonwealth countries are hand in hand, India is one of the significant Commonwealth countries that can contribute economy, microfinance, frugal innovations with countries for better trade ties, said Mr Gregor MacKinnon, MD, Commonwealth Business Council while addressing at a session Confederation of Indian Industry (CII).

Mr MacKinnon added that trade sectors like healthcare, pharmaceuticals, education, skill development etc. are the top priority for the broad expansion and growth of the Commonwealth countries.

Frugal innovations, which focus on low cost products, new business models and application of micro finance which is India"s strength can be applied to the developing market and help the Commonwealth countries achieve synergies, said MacKinnon.

Mr. Ajay Shriram, Chairman CII Business Club and Chairman and Senior MD, DCM Shriram Consolidated Ltd said businesses between Commonwealth countries has to be linkages between people to people as this will lead to stronger and lasting ties.

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