India-Britain trade could reach $40 bn by 2015: Industry

September 29th, 2009 MOSCOW - Trade between India and Russia could reach $10 billion in 2010, Russian Deputy Prime Minister Alexander Zhukov said Tuesday. "Trade is forecast to reach $8.4 billion in 2009, and we are able to...

September 6th, 2009 NEW DELHI - Pakistan's Commerce Secretary Suleman Ghani has said that trade between India and Pakistan can go up to 10 billion dollars per annum in 5-6 years if both the countries resume their dialogue. "If everything goes right then once we resume dialogue, it should not take more than 5-6 years for trade to reach 10 billion dollars from the current 2 billion dollars," The News quoted Ghani as saying.

September 2nd, 2009 KOLKATA - Bilateral trade between India and Canada is expected to grow threefold in five years, according to Gerald Keddy, the parliamentary secretary to the North American country's international trade minister. "We are looking at a bilateral trade of $14 billion in the next five years," Keddy said at a press meet here Wednesday after inaugurating the Canada Trade Office.

August 17th, 2009 KOLKATA - Bilateral trade between India and Thailand is expected to grow to $10 billion by 2010 from $6 billion last year, an official from Thailand said here Monday. "India has increasingly become an important economic partner for Thailand.

August 16th, 2009 NICOSIA - Indian Ambassador to Oman Anil Wadhwa has said that bilateral trade between Oman and India is growing steadily and if the recent trade figures are any indication, "it is set to reach 2.5 billion dollars by the end of 2009". In an interview with Oman Daily Observer on the occasion of India's Independence Day, Wadhwa said that the volume of Indo-Oman bilateral trade was 447 million dollars during January-February 2009 against 398.7 million dollars in the same period last year.

July 26th, 2009 JOHANNESBURG - The South African government is to press its regional partners in the Southern African Customs Union (SACU) to speed up the finalisation of the preferential trade agreement with India that could double the current $6-billion trade between the two countries. SACU consists of Botswana, Lesotho, Namibia, South Africa and Swaziland.

July 16th, 2009 NEW DELHI - Though the Indian Space Research Organisation (ISRO) has expressed its intent to send a manned moon mission by 2015, Science and Technology Minister Prithviraj Chavan Thursday told parliament that India has no such plans. In reply to a question on whether India proposes to send a man to the moon, Chavan said: "No sir." The minister, however, informed the Rajya Sabha that "India is planning for a follow-on mission Chandrayaan-2, which has an orbitor and lander which land on moon (sic) and a rover which moves on the surface of the moon to probe its surface".

June 25th, 2009 LONDON - Indian investments need not cause fears of an Indian Raj over Britain, the House of Lords has been told by an Indian-born member, but instead would surely show Britain a way out of the current recession. In the 17th century, Britain entered into trade with India in the name of the British East India Company, Lord Navneet Dholakia of the Liberal Democrat Party told the British upper house of parliament.

June 21st, 2009 NEW DELHI - Bilateral trade between India and the US can reach $320 billion by 2018, an eight-time increase from $42 billion in 2007-08, says a report by the Confederation of Indian Industry (CII). "Given the right conditions, merchandise trade could rise to $320 billion by 2018," said the report, "India-US Economic Relations: The Next Decade", released by Commerce Minister Anand Sharma in New York.

June 18th, 2009 LONDON - India has emerged as the second largest investor in Britain, with a recession-busting 44 percent jump in the number of projects it has created since 2008, new figures reveal. Projects created or brought in by Indian investments number 108 -- behind top-ranking US's 621 and just ahead of third-ranked France's 101, the British government's trade and investment department said.

March 15th, 2009 NEW DELHI - The bilateral trade between India and Chile can reach $5 billion by 2014 from $2.1 billion last fiscal, according to an industry lobby report released Sunday. The Confederation of Indian Industry (CII) report, released a day before Chilean President Michelle Bachelet arrives here for a five-day official visit, said India should set up bilateral forums with Latin American countries like Chile to bolster trade.

February 8th, 2009 NEW DELHI - Indian banks are highly over-burdened, with every branch catering to a little over 16,000 individuals on an average - which is four to five times higher than the US and Britain, says an industry report released Monday. 'There is a stark difference between the scenarios in India and other countries,' said a joint study by global consultancy Ernst and Young and an industry lobby, the Associated Chambers of Commerce and Industry of India (Assocham).

February 7th, 2009 NEW DELHI - General insurance premium earning is likely to grow at 20 percent annually over the next six years and top the Rs.1-trillion (Rs.100,000-crore) mark by 2015, says an industry report released Sunday. The Associated Chambers of Commerce and Industry of India (ASSOCHAM), in a joint study with the United India Insurance Co, also said the massive increase in premium earning from Rs.280 billion (Rs.28,000 crore) currently would be on account of increased awareness.

January 17th, 2009 NEW DELHI - It seems everybody wants a piece of India's nuclear pie. Less than a week after a US nuclear industry team visited India, officials from the British and Canadian nuclear power industry will be in the country from Monday to interact with their counterparts in the public and private sectors here.

January 14th, 2009 CHANDIGARH - More than 200 battery manufacturers from 13 countries, including the US, Britain, Australia and Hong Kong, will take part in a three-day global industry trade fair in Chandigarh from Friday. 'This trade fair is aimed at providing technical knowledge to the small scale battery manufacturers of north India,' Yashpal Kanotra, president of Federation of Indian Small-Scale Battery associations told media here Thursday.