125th anniversary of Confederation of Indian Industry

That this House congratulates the Confederation of Indian Industry (CII) as it marks its 125th year in shaping India's development journey; notes that this year, more than ever before, the CII will continue to proactively transform Indian industry's role in nation building not only in India but in the UK as well; thanks the CII for its role in representing Indian industry in the UK; recognises the huge contribution made by the 850 Indian companies in the UK by creating over 110,793 jobs and contributing £41.2 billion in revenue, noting the encouraging figures published in the India Meets Britain Tracker of CII and Grant Thornton; and urges the Governments of India and the UK to enter into a free trade agreement to encourage preferential economic partnership between the two countries.