David Cameron, the British Prime Minister, landed in India today in a bid to seal a few deals of new investments with Indian companies at a time when India has decided to scrap the Anglo-Italian Helicopter deal.
This is the second time Cameron has visited India as a prime minister. His arrival in India comes close on the heels of the Anglo-Italian Helicopter deal scandal. The deal getting canceled only days ahead of his visit makes it a tough time for the British PM to secure a deal. Just a week ago, Francois Hollande, the French President made his visit to make a similar trade offer to the nation.
India's strong position in the World Economy, where it is ranked #10, is a potential market for the countries whose economy is failing. It has been predicted that the Indian economy will supersede the economy of several other nations while finding a position in the top three by 2050.
Impressively, the British PM has been traveling with the biggest delegation than ever before in the history of the British consisting of representatives from 100 companies, cultural and educational bodies apart from four ministers and nine legal experts.
Great Britain has been urged by the Indian officials to produce a full fledged report on the $750 million scandal. Britain has submitted an interim report and said that it will wait till the Italian investigation is finished before a complete report is submitted.
Cameron considers India a "special partner", a term usually reserved for the United States until today, in the "Global Race". "I think Britain and India can be one of the great partnerships of the 21st Century," he told a popular news daily. "India is going to be one of the great success stories of this century - a rising power in the world. And I want Britain to be one of your partners as you grow and succeed", he added.
(AW- Anil)