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Today's News | News of Jan 17, 2007
Brown to Hold Economic Talks with PM

Bangalore, Jan 17
British Chancellor of Exchequer and prime minister-in-waiting Gordon Brown will hold economic dialogue with Prime Minister Manmohan Singh and Finance Minister P. Chidambaram in New Delhi Thursday to boost ties between the two countries.

Participating in the Confederation of Indian Industry (CII) partnership summit here, Brown, who is on a maiden visit to the subcontinent, said he would also present the first UK/India education and research initiative awards for collaboration between centres of excellence in Britain and India in Delhi Thursday.

"I am pleased the historical ties between Britain and India are becoming stronger than ever and our mutual cooperation is at a heightened level, as testified by the presence of over 500 Indian firms in Britain, with 50 of them listed on the London Stock Exchange," Brown told about 1,500 national and international delegates attending the three-day summit.

Lauding the growing ties between the two countries across the segments, Brown said Britain wanted to work with the world class Indian IT industry to make his country an international leader in the creative and supportive use of IT for education.

"We want to promote expansion in the number of international students in Britain along with higher education institutions," he said, citing the partnership between the CII and the Rajiv Gandhi Centre for Innovation and Entrepreneurship of the Imperial College in London.

Referring to the latest collaboration between the Serum Institute of India and the British Health Protection Agency on a pan-meningococcal vaccine, Brown said in each case, increasing cooperation in the innovation and expansion of the high skill, high value added and high-tech industries would enhance the strong ties between the two countries.

Brown is accompanied by a 150-strong business delegation, including secretary of state for trade & industry Alistair Darling for the summit.

He hoped India and Britain would play a critical role as the world's largest democracy and the world's oldest democracy in addressing the great challenges faced in modern times.

"Nowhere is the expansion happening more quickly and with greater results than here in India - reinforcing our cultural and linguistic affinities - and adding to the skills base that will underpin India's place as an economic powerhouse.

"During my current three-day visit to India, I will be discussing with financial service leaders from both the countries in Mumbai Friday on how to deepen the links, as we want to maintain London as the world's largest capital market," he said.

"In Bollywood, we look forward to forge cultural and creative ties," Brown disclosed. 

IANS News of Jan 17, 2007

New innings mark Brown's Passage to India by Prasun Sonwalkar  

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