"Modi has made it quite clear that his central purpose and ambition in his government is to unlock the dynamism of the Indian economic," UK's Deputy Prime Minister Nick Clegg.
Prime Minister Narendra Modi's charms seem to have rubbed off on the British government. In an exclusive conversation with CNBC-TV18's Menaka Doshi, UK's Deputy Prime Minister Nick Clegg said that the Indian infra and defence sectors are ripe for investment .
"The opportunities are huge. If you bear in mind that the relationship is already very strong, sometimes we overlook how strong it is. After all Britain is the largest investor in India from all the G20 countries and in fact by some measures by quite some distance, but also conversely Indian investment in Britain is greater than all investment put in by the rest of the European Union put together," he added.
He further added that Modi's central purpose and ambition is to unlock the dynamism of the Indian economic, which was hit by slow decision making, regulatory and administrative obstacles. "This presents a massive opportunity for British investments and further two-way traffic in the commercial relationship between our two nations," he said.
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