UK aware of contraints in India's reform process : Alan Yarrow, Lord Mayor of London
Updated on: 13 Nov 2015
In a chat with ET Now, Lord Mayor of London, Alan Yarrow shares his thoughts on relations between India and the UK and PM Narendra Modi's ongoing visit. Excerpts:
ET Now: PM Narendra Modi is currently on his three-day visit to the UK. Do you think India and UK can foster a lasting relationship on the basis of trade and investments?
Alan Yarrow: We believe that we can support India beyond financial services. India will go a long way and the journey has just started for them. But it is still incumbent with a number of historic bureaucracies stopping it from moving freely. Prime Minister Narendra Modi is focusing on those and trying to free up the economy to make sure it moves faster and we are supporting that.
ET Now: Expectations are riding high in terms of the kind of deals that could be finalised. Do you think that an intent could be specified in this visitor? Do you think actual work will be done in terms of signing big billion dollar deals especially in sectors such as civil, nuclear and defence?
Alan Yarrow: I would love to see huge deals between the two countries because trade is too small at the moment. Regardless of what comes out of the meetings today, I am sure there is going to be close association between India and the United Kingdom as a consequence of this visit.
ET Now: Do you think the Indian government is on course to deliver the reforms they had promised?