'Designed in UK, Made in India' new motto

Commerce and Industry Minister Piyush Goyal has given a new concept of "Designed in UK, Made in India" to enhance partnership between the two countries. He said this while addressing the UK-India Joint Economic and Trade Committee (JETCO) in London. If the spirit of research and innovation in British industry and academia is bound together with the strength of the skilled Indian work force, the two countries may become the preferred suppliers to the rest of the world. He also said the skilled Indian manpower has the capability to translate the ideas generated in British research labs to the implementation stage.

"Manufacturing in India, in a costcompetitive environment, could be the key for British companies to expand their footprints to other parts of the world," Goyal was quoted as saying in a Ministry of Commerce & Industry statement. Similarly, in the services sector, he said India can provide enormous technical expertise to British companies. Addressing the CEOs of multi-national companies at the JETCO meeting, Goyal said India had opened up opportunities for single brand retail and is easing some detrimental clauses of the policy in next few weeks which will help single brand retail come in a bigger way to the country.