NEW DELHI(PTI): British business has shown keen interest in joining hands with India to develop marketing infrastructure and technology for promoting export of Indian products worldwide.
This was conveyed to a high powered 22member delegation sponsored by Federation of Indian Chambers of Commerce and Industry (FICCI) in its just concluded visit to Britain,
The areas they evinced interest included power generation and distribution, transport equipment, including aviation industry, telecom, engineering products, food processing, Construction activity and the like.
Interests were also expressed in human resource development as also in Total Quality Management (TQM).
UK entrepreneurs appeared to be enthusiastic to look at India as a promising investment market. However, reservations were also expressed in regard to implementation of the policy, procedural bottlenecks, especially in relation to disinvestment of capital,
These problems were repeatedly mentioned by many British entrepreneurs.
However, both sides agreed for evolving a fast track mechanism for according approvals to business proposals from all aspects in a lime bound manner.
Article extracted from this publication >> June 11, 1993
