Time for India, UK to clinch deals: Lord Paul

Tags: News
As two of UK's senior-most ministers visit India, leading NRI industrialist Lord Swraj Paul has said it is time for action to clinch potential deals between the two countries.

Amid the ongoing high-profile India visit of foreign secretary William Hague and Chancellor George Osborne, Paul stressed that they must act on long-discussed plans such as the UK's interest in developing the lucrative Bangalore-Mumbai Economic Corridor (BMEC).

"I think from a British point of view, there is no better time to clinch it (BMEC) because the government of India wants to get on with doing things and anything which, in my view, lasts too long in discussions never happens. It becomes a talking point for every visit," Paul told PTI.

The head of the Caparo Group of industries and Chancellor of Westminster and Wolverhampton Universities also highlighted the importance of the current visit to set the tone for the future of India-UK ties and clarifying any uncertainty around Britain's shaky relationship with the European Union.

"Firstly, Britain has fallen behind European countries. Secondly, Britain is important to India but the EU is far more important. So this uncertainty is disturbing for the business people of India because they would like to invest in Britain but they want to invest because it's an European market," he said.

"But that uncertainty, unfortunately exists in British businesses here as well. So whatever the two ministers can assure India, I think will go a long way in business and other fields," he added.


  • Banks have been reluctant to transmit RBI policy rate cuts to borrowers

    Banks have been slow in passing the benefit of repo rate cuts by the central bank to their borrowers.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Simon J Evenett

What does the TPP mean for outsiders?

On Monday, to much fanfare, the United States, Japan, and ...

Zehra Naqvi

Exercise gets creative juices flowing

Ever known that feeling of being sluggish and drowsy, of ...

Gautam Gupta

Value for money and variety will make the retail

Mark my words: retail as we know is going to ...


William D. Green

Chairman & CEO, Accenture