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'Indo-UK trade to reach £10 in 5 years'

British High Commissioner Rob Young said on Friday that Indo-British trade was growing steadily and its volume would double to about ten billion pounds within the next five years.

Addressing a function, organised jointly by the British Deputy High Commission and Confederation of Indian Industry here, he said the Indo-British partnership, set up to promote trade and investment ties between India and Britain, would celebrate its tenth anniversary next year.

Sir Young said since 1993, the bi-lateral trade in goods and services had risen by two-thirds and currently stood at about £5 billion annually.

At a meeting in July this year, CII and the Confederation of British Industry had agreed to an ambitious target of doubling the volume of trade within the next five years.

UNI

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