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India and UK discuss investment opportunities

Investment in infrastructure is a vital area for India's future economic growth, according to Shri Kamal Nath, the country's union minister of commerce and industry.

Speaking in a meeting with Douglas Alexander, secretary of state for the UK's Department of International Development, Mr Kamal Nath said there is opportunity for British expertise as well as investments in India.

"We need to generate interests in the large number of [public-private partnership] projects being explored in India," he added.

During the meeting, both parties agreed there is a huge potential for bilateral trade and investment in view of shared interests and a long history of relations.

Earlier this week, Mr Kamal Nath said there is great potential for the emerging economies of India and Egypt to expand their bilateral trade.

He went on to welcome the Egyptian proposal of establishing an industrial zone in Egypt exclusively for Indian companies, adding that possible areas of cooperation and growth between the two countries include the steel, construction and agricultural equipment sectors.