Yesterday I co-hosted a meeting with Lord Swraj Paul and The British South India Council of Commerce (BSICC) in the Houses of Parliament.
The BSICC is one of the main organisations that promote trade and investment between the UK and South India. This event was about showcasing the opportunities for investors in the South Indian State of Karnataka and also encouraging businesses from Karnataka to pursue opportunities in the UK.
The BSICC meeting was important as it addressed issues which are restricting the Indian economy such as corruption in many rural parts in Karnataka and how many Indian craftsmen do not have access to the tools they need.
I am pleased to report that the BSICC is planning to work with investors to focus on improving the Indian economy, through programmes that will provide training to young people and by providing fertilisers to farmers in impoverished areas.
However, the investments into India are not one-way and will help the UK economy, providing growth and hopefully create further jobs in Britain.
The general atmosphere of the BSICC was electric with so many people passionately promoting investment into Southern India. I hope that this meeting will help promote growth in the Indian economy and will reduce the number of unemployed Indians, alongside much needed growth in the UK economy.