Thursday, January 18, 2007

UK to increase investments in food and agri retail sectors

The Economic Times reports that UK companies that are part of a 150 member business delegation have committed to invest in the food processing, agri-retail and manufacturing. The delegation was led by Karan Bilimoria, chief of Cobra Beer, and met several high leaders of the government including Finance Minister P. Chidarmbaram and Planning Commission deputy chairman Montek Singh Ahluwalia. The delegation was accompanied by UK trade and industry secretary Alistair Darling and is a precursur of the UK Chancellor of the Exchequer and future Prime Minister Gordon Brown's visit to the country. The delegation also met with Bhupinder Singh Hooda, the chief minister of Haryana on investing in some Special Economic Zones (SEZ) in the state.

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