New Delhi, Oct 27 (IANS) India and Britain are set to further intensify their trade and economic relations when Prince Andrew, the Duke of York, comes to India on a week-long visit Sunday.
'His Royal Highness said that he was looking forward to his first visit to India as the UK's Special Representative for International Trade and Investment and learning more first hand about new and existing business opportunities in the region,' said a statement by the British High Commission.
Andrew will visit New Delhi, Mumbai and Chennai to promote bilateral trade and investment and to showcase Britain as the preferred destination for Indian investors.
He will present the first-ever UK Trade and Investment Business awards in Mumbai Nov 1. These awards recognise the business partnership between India and Britain.
The 46-year-old Andrew, son of the Queen and the Duke of Edinburgh, will meet Minister of State for Commerce and Industry Ashwani Kumar and interact with top business leaders at events organised by the Confederation of Indian Industry (CII) and the Federation of Indian Chamber of Commerce and Industry (FICCI).
According to a recent report by the Federation of Indian Chambers of Commerce and Industry (FICCI) ahead of the India-UK investment summit in London early this month, India has become one of the largest investors in Britain.
Gross outward investment from India into Britain by Indian companies or their subsidiaries had risen from an average of $14 million per annum before 1995 to $1.3 billion in 2004.