By H S RaoLondon, Jan 12 (PTI) India and the UK can work togetheron manufacturing and developing global supply chains for thefuture and the services sector has a "huge" potential forseveral areas of collaboration, Union Minister Suresh Prabhusaid here today.
Addressing an industry round-table co-organised by theConfederation of Indian Industry, Confederation of BritishIndustry, UK India Business Council and the High Commission ofIndia, the Commerce and Industry minister welcomed greater UKinvestments while sharing the latest economic developments andreforms underway in India.
"The services sector presents huge potential with severalareas of collaboration for India and the UK. The two countriescould also work together on manufacturing, developing globalsupply chains for the future," he said.
"Given the transformational nature of new and dynamictechnologies, we must keep in view that disruptive change canalso be constructive," he added.
Prabhu asked investors to persistently work on theirconcerns to ensure an enabling environment.
He said there were "significant" innovation opportunitiesthat the two countries can leverage.
"Artificial Intelligence, genomics, microbiomics,advanced materials and clean energy are transforming thefuture and how we look at business for addressing global,socio-economic challenges in India," he said.
"With UK's prowess in the R&D ecosystem, there aresignificant innovation opportunities that the two countriescan leverage," he said.
India's UK High Commissioner Y K Sinha and severalofficials from the UK Government and British High Commissionjoined the discussion. PTI HSR MRJ AKJMRJ.
This is unedited, unformatted feed from the Press Trust of India wire.