Indian investments to create thousands of UK jobs

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Press Trust of India London
Last Updated : Apr 18 2018 | 7:50 PM IST

The British government today
announced a new India-UK trade partnership to mark Prime
Minister Narendra Modi's visit here, which comes with a huge
The UK's Department for International Trade (DIT) said a range of new Indian investments worth more than 1 billion
pounds will create or safeguard 5,750 British jobs for the
economy as part of the new partnership, which builds on the

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recommendations of the Joint Trade Review (JTR) between the
"Removing barriers to trade is a key way in which the UK
can capitalise on the predicted growth in world markets and so
I'm delighted we have come to this new trade partnership with
"It is clear that the opportunities for growth in trade
with India are plenty, and as an international economic
department we will continue to use tools such as trade
missions not only to boost UK exports, but also to help
businesses of all sizes forge ties and build cultivate
According to DIT figures, total trade in goods and
services between the UK and India was 18 billion pounds in
UK exports to India, led by innovative machinery and
mechanical appliances, form a large part of this trade basket,
Joint research in science and technology grew from 1
The new partnership will seek to improve the
accessibility of trade for businesses in both countries, as
Focusing on the three key sectors of life sciences,
information technology (IT) and food and drink, the
partnership will seek to reduce barriers to trade with an eye
The UK also intends to recruit a British cyber security
industry expert to be based at the high commission in New
Delhi, with a remit to share British expertise and connecting
"The visit of Prime Minister Modi will see the launch of
a package of technical assistance to help India climb further
up the rankings for ease of doing business, benefitting UK
companies and the Indian economy alike. Additionally, the two
countries have also agreed to strengthen ties between their
Modi is in the UK on a four-day visit for bilateral
meetings with British Prime Minister Theresa May as well as
multilateral dialogue as part of the Commonwealth Heads of

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First Published: Apr 18 2018 | 7:50 PM IST

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