British Prime Minister Boris Johnson will announce a raft of economic agreements and hail a “new era” in bilateral commerce and funding ties throughout his go to to India, the UK High Commission stated on Thursday. It stated the UK and Indian companies will affirm greater than 1 billion kilos (1 GBP= Rs 99.63) in new investments and export offers on Tuesday in areas starting from software program engineering to well being, creating nearly 11,000 jobs throughout the UK.
Johnson begins his two-day go to to India on Thursday to additional develop ties between the 2 international locations and trade views on urgent international challenges, together with the disaster in Ukraine and the scenario within the Indo-Pacific. “As I arrive in India today, I see vast possibilities for what our two great nations can achieve together. From next-generation 5G telecoms and AI to new partnerships in health research and renewable energy — the UK and India are leading the world,” Johnson was quoted as saying by the excessive fee.
“Our powerhouse partnership is delivering jobs, growth and opportunities for our people, and it will only go from strength to strength in the coming years,” he stated. Johnson will maintain talks with Prime Minister Narendra Modi in New Delhi on Friday after concluding his engagements in Gujarat on Thursday.The British prime minister will go to a brand new manufacturing facility being opened by a prime British agency in Gujarat, in addition to a biotechnology college working in collaboration with the University of Edinburgh.
In an announcement, the excessive fee stated Johnson will use his go to to India to “boost our collaboration with one of the world’s fastest-growing economies, slashing trade barriers for UK businesses and driving jobs and growth at home”. It stated the UK will affirm main new science and tech collaboration, together with a digital well being partnership and a joint funding fund for Indian deep-tech and AI start-ups, supported by the UK and the Indian governments.
“As he moves on to New Delhi on Friday, the prime minister will also use this week’s visit to drive progress in negotiations on the landmark UK-India free trade agreement, which is expected to help double our trade and investment by 2030,” the excessive fee stated.”Negotiating groups will maintain their third spherical of formal talks in India subsequent week,” it stated.
The excessive fee stated work is already progressing on reducing purple tape for companies following the UK-India Enhanced Trade Partnership launched by each the prime ministers final yr.”And at this time, our governments will announce new measures to make it simpler to export UK-made medical gadgets to India. This will help UK jobs and create alternatives for British med-tech firms like Redcar-based Micropore Technologies to promote their lifesaving merchandise in India, an import market value 2.4 billion pound,” it stated.
Source: www.financialexpress.com”