London Lord Mayor Coming To Do Business With Mumbai


Mumbai, Oct 7 (IANS): London's Lord Mayor Alderman Michael Bear will arrive here on a two-day visit Tuesday at head of a high-level business delegation offering British expertise in infrastructure, financial and other sectors, an official said Friday.

Bear will meet Reserve Bank of India (RBI) deputy governor Subir Gokarn, Securities and Exchange Board of India (SEBI) chairman U.K. Sinha, Infrastructure Development Finance Co Ltd (IDFC) CEO Rajiv Lall, and Mumbai Metropolitan Region Development Authority (MMRDA) Metropolitan Commissioner Rahul Asthana, the British deputy high commission official said.

The lord mayor, whose principal role is ambassador for all Britain-based financial and professional services, will address a Sea Trade Summit Wednesday.

"India is establishing itself as a global economic superpower. It is well documented that it is aiming to spend $1 trillion on infrastructure development by 2017 to sustain the outstanding levels of economic growth seen over the past decade," Bear noted ahead of his visit.

Britain wants to be a key business partner with India to achieve this goal, he added.

The visit is the outcome of the announcements made by Prime Minister Manmohan Singh and his British counterpart David Cameron on the latter's visit to India last year to target doubling the bilateral trade to 24 billion pounds of $38.4 billion by 2015.

A civil engineer and Master in Business Administration (MBA), Bear has worked on community development and infrastructure and financial projects around the world in the past 36 years.

  

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Title: London Lord Mayor Coming To Do Business With Mumbai



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