India

Trade and Industry written question – answered on 30th March 2006.

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Photo of Jim Cunningham Jim Cunningham PPS (Mr Mike O'Brien, Solicitor General), Law Officers' Department

To ask the Secretary of State for Trade and Industry if he will make a statement on the level of UK trade with India.

Photo of Ian Pearson Ian Pearson Minister of State (Trade), Foreign & Commonwealth Office, Minister of State (Trade), Department of Trade and Industry

UK Exports to India show a 27.4 per cent. increase to November 2005 compared to the same period in 2004.

UK imports from India increased by 20.1 per cent. to November 2005, compared to the same period in 2004.

The Total Trade with India to December 2004 was £6.4 billion (2005 figures will be released in July 2006).

The UK is the 5th biggest investor in India with UK companies involved in 9.8 per cent. of all new FDI into India since 1991.

Indian investment into the UK is growing rapidly when measured in terms of investment projects and jobs created. Up to 31 December 2005 UKTI had assisted 33 Indian companies invest in the UK (up 22 per cent. on 2004).

As the Indian economy continues to grow, it is vital that businesses in UK seize the opportunities on offer. The Government will increase its effort to support British business to access the Indian market.

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