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Lord Digby Jones said:
"This report shows incredible detail.
It highlights that 116 airport x ray baggage
inspection systems are to be purchased by
2008 and that there are currently plans
to upgrade 16 train stations from New Delhi
to Lucknow.
"But more importantly
it highlights the route for entry. For example,
100 per cent FDI is permissible for the
development of all greenfield and brownfield
airports and also that the entire road and
highways network has been declared an industry
allowed to commercially borrow. "
Some of the key findings
of the UK Trade and Investment report show
that:
* £4.5bn of
Government money is earmarked to upgrade
25 airports
* India has the largest
road network in the world aggregating
3.3 million km and £27bn of Government
money is earmarked for roads and highways
development
* There are plans
to implement 276 port projects valued
at £6.3 billion.
Lord Digby Jones added:
"UK companies must often partner with
Indian companies to win contracts. This
is why I am launching this report at a seminar
where both UK and Indian companies can talk
about potential partnerships.
"The partnership
between the UK and India is growing fast.
Bombardier supplies 340 metro cars to the
Delhi metro, Pinsent Mason supply legal
services for Delhi airport and Beckett Rankine
did the masterplan for the new port of Krishnapatnam,
north of Chennai.
The Minister also used
the opportunity to highlight British expertise
in Public Private Partnerships which the
Indian Government is interested in to help
quickly build up the nation's infrastructure.
"Delhi and Mumbai
international airports became India's first
two PPP joint venture airports with estimated
investment in both airports to be in excess
of 1.9 billion pounds.
"I was delighted
that Mott Macdonald developed the masterplan
for the Delhi's new international airport
which will ultimately have a capacity to
handle 100 million passengers every year.
"Over 70 countries
have come to the UK seeking advice on PPP.
For example, we have helped Singapore develop
its PPP model, and it is now taking forward
projects in education and sports infrastructure
development.
"The UK is India's
natural partner of choice as the Indian
people enjoy the reality of a step change
in infrastructure investment."
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