The Confederation of Indian Industry (CII) Tuesday signed a memorandum of understanding (MoU) with Britain's Southall Regeneration Partnership Ltd (SRP).

SRP's CEO Ash Verma and CII's deputy director general Gurpal Singh signed the pact that provides a framework to sustainable cooperation between the small and medium enterprise (SME) business communities of Britain and India.

Verma said this could be achieved through one of the key projects that SRP has embarked on - the Gateway Asia trading portal and business support services.

The Gateway Asia is backed up by a range of business support services for Indian and British companies seeking joint venture opportunities on collaborative relationships.