Visiting UK Prime Minister David Cameron has called for a closer relationship between India and Britain, saying it would provide a spark for both economies.
It used to be a former colony now it seems India could have the upper hand when it comes to business links with Britain.
Prime Minister David Cameron - struggling to reduce massive debts at home - is hoping to cash in on the sub-continent's roaring economy.
He brought no less than six ministers and more than 30 senior executives from top UK firms with him.
He wants to show India that Britain is serious about boosting economic ties.
During a visit to a university in Bangalore, the Prime Minister highlighted the importance of joint economic cooperation.
David Cameron, British Prime Minister said "We cannot leave our prosperity or our security or the future of our planet to chance. We must be the ones to act and we must act together. Together, Britian and India can do the work that is needed. Together, our partnership can benefit the world. So together, let us build this new relationship that can meet the scale of our great ambitions together."
Britain's Finance Minister was one of the entourage. George Osborne rang the opening bell at the Bombay Stock Exchange.
He expressed a desire for a reciprocal arrangement between British and Indian companies.
George Osborne, Finance Minister of UK said "We believe we can help India to finance infrastructure it needs over the coming ten years. Also, we believe we can help rural India to connect even better to the global economy. We also believe that Indian banks and Indian financial institutions have a huge amount to offer the United Kingdom, and we particularly welcome the listing of Indian banks in London and the establishment of headquarters by Indian banks in London."
Greater ties would also play well at home for Cameron.
Over a million Indians currently live in Britian - they are the country's single largest ethnic group.
They also make up huge numbers of business people - natural sources of support for the Conservative Party.
- UK keen to strengthen ties with India 2010-07-29