'Innovative Indian and UK firms are now working together at the top end of the industrial spectrum - on pharmaceuticals, electronics and advanced manufacturing. India's talent, confidence, energy and entrepreneurial spirit is for the world to see and experience,' he said.

'The UK and India stand shoulder to shoulder in a new millennium. In forums such as G20, we are promoting global trade and economic liberalisation, which is vital to bring prosperity and jobs to millions in both our countries and around the world,' he added.

Davies will visit Nagpur to support a delegation of British businesses led by the UKIBC. The delegation will have companies from urban infrastructure, town planning, mining, energy, legal, financial, construction, water, power, education, and brand marketing sectors.

Britain's bilateral trade with India is worth over 12 billion pounds and Indian investments last year created some 4,000 jobs in Britain - second only to US investments.