New Delhi, Designed in UK and Made in India’ is the strategy for India-UK partnership in research and services, Union Commerce and Industry Minister Piyush Goyal has said. Mr Goyal said this joint initiative will expand the economic and commercial ties of India and the UK. Both the countries are bound by a strong shared past of a 200-year relationship.
On the side lines of the event, India and the UK agreed to set up three new bilateral working groups to tackle barriers in specific sectors, including food and drink, healthcare and data services. The Minister called for fast-tracking of the engagements by leveraging the competitive strengths of each other for mutual benefit.
He said, “If the spirit of research and innovation in British industry and academia is bound together with the strength of the skilled Indian work force, the two countries may become the preferred supplier to the rest of the world. “The skilled Indian manpower has the capability to translate the ideas generated in British research labs to the implementation stage.”
Mr Goyal said manufacturing in India, in a cost-competitive environment, could be the key for British companies to expand their footprints to other parts of the world. “Designed in the UK – Made in India’ can be the new focus area for this partnership. Similarly, in the services sector, India can provide huge technical expertise to the British companies,” the Minister added.