Overseas Investment: India

Department for Business, Innovation and Skills written question – answered on 23rd February 2015.

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Photo of Gregory Barker Gregory Barker Conservative, Bexhill and Battle

To ask the Secretary of State for Business, Innovation and Skills, what recent progress he has made on UK participation in the Mumbai/Bangalore Economic Corridor; and if he will place in the Library the feasibility report for that project and other related studies.

Photo of Matthew Hancock Matthew Hancock Minister of State (Department for Business, Innovation and Skills), Minister of State for Portsmouth, The Minister of State, Department of Energy and Climate Change

Her Majesty’s Government continues to engage with India on the Bangalore/Mumbai Economic Corridor (BMEC). BMEC was most recently discussed on 11 February 2015 in a meeting between Chief Executive of UKTI, Dominic Jermey, and Indian Commerce Minister, Nirmala Sitharaman.

The feasibility report has not yet been completed by Egis, a French company commissioned by Government of India. The report will be the property of the Government of India and it will be their decision as to how it circulated when complete.

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