British High Commissioner to India Sir James Baven today met Union Minister Kalraj Mishra to explore possibilities of mutual collaboration in MSME sector in areas such as skill development, entrepreneurship development and technology transfers, as per a PTI report.
"India and Britain may explore possibilities of co-operation and collaboration in the MSME sector in the fields like skill development, entrepreneurship development, technology transfers," British High Commissioner Sir James Baven said.
He also expressed happiness over the formation of the new NDA-led government.
As per the figures of UK High Commission, between 2010 and 2011, the trade between the two countries grew by 23 per cent. In 2011, the total trade volume stood at 16.8 billion pounds.
According to Commerce Ministry, India mainly exports textiles and apparel, fuels, gems and jewellery, ores and machinery to the United Kingdom. On the other hand, India imports aircraft, spacecraft, fertilisers, ships, oars and floating structures from the UK.
UK is the seventh largest exporter to India. However, India is UK's 18th largest export market worldwide and third largest export market in Asia after China and Japan.