New Delhi, Jan 26 (IANS): A high-powered business delegation from India will take part in a networking event in London next week aimed at stressing the need for an early conclusion of the negotiations for a free trade agreement between India and the European Union.

The event, organised by the Indo-European Business Forum (IEBF) and the London School of Economics, forms part of the LSE India Week 2013 from Jan 28-Feb 3. It would deliberate on future trade links between the two regions.

"European industries can avail benefit of the vast Indian market and ever-growing middle class with increased purchasing power, Indian industries can take benefit of the technological advancement of the European industries. An early signing of free trade agreement would surely boost the business relations between India and Europe and multiply the business," said Sunil Kumar Gupta, head of the India chapter of IEBF.

Two-way trade between India and its largest trading partner stood at nearly $110 billion in 2011-2012, up from $90.62 billion in 2010-11.

IEBF, a non-profit organisation to promote business between India and the 27-nation EU, had organised a similar meeting here earlier this month.