UK firm up 17 new export, investment deals with India

In a major push to bolster economic ties between the UK and India, UK Ministers have announced 17 new export and investment deals during their visit to India this week, a press release added on Wednesday. These deals, valued at over GBP 100 million, are set to supercharge the UK- India partnership, particularly in the tech and life sciences sectors, as per the release. Britain's Secretary of State, Jonathan Reynolds and Investment Minister Poppy Gustafsson, who are leading the UK delegation, emphasised that the new agreements will create hundreds of jobs and further strengthen the trade relationship between the two nations.
In the last year alone, the UK-India trade relationship has grown to GBP 41 billion, highlighting the increasing economic cooperation between the two countries. "Tech and life sciences are two huge growth sectors for the UK economy. I'm proud that government support has helped some of our finest businesses in these sectors to expand into the exciting Indian market. It's great to see them going for growth, and their successes will amount to tens of millions of pounds for the UK economy," said Britain's Secretary of State, Jonathan Reynolds.
Commenting on the development, Minister for Investment Poppy Gustafsson said, "The new Indian investment proves that the government's Plan for Change is giving Indian businesses the confidence they need to continue investing in Britain. "Now the UK will strive to be more ambitious and collaborative than ever before as we show the world why the UK is the best place to invest," he added. India's continued investment in the UK is another strong signal of the growing economic relationship, Gustafsson said. Over £100 million in Indian investments were recently announced which are expected to create hundreds of jobs in various sectors, the release added.