PM Modi-Boris Johnson Virtual Summit Brings 1 Billion Pounds Worth Of Deals
Britain has finalised 1 billion pounds worth of new trade and investment with India, creating over 6,500 jobs in the UK, to be signed off at a virtual summit between Prime Minister Narendra Modi and his British counterpart Boris Johnson on Tuesday.
The investments confirmed by Downing Street on Monday evening form part of an Enhanced Trade Partnership (ETP), which will set the ambition to double the value of UK-India trade by 2030 and declare a shared intent to begin work towards a comprehensive Free Trade Agreement (FTA).
"Like every aspect of the UK-India relationship, the economic links between our countries make our people stronger and safer," Mr Johnson said.
"Each and every one of the more than 6,500 jobs we have announced today will help families and communities build back from coronavirus and boost the British and Indian economies. In the decade ahead, with the help of [the] new Partnership signed today and a comprehensive Free Trade Agreement, we will double the value of our trading partnership with India and take the relationship between our two countries to new highs," he said.