UK PM Boris Johnson Announces Deals Worth £1 billion with India

| Updated: April 21, 2022 12:58 pm

UK Prime Minister Boris Johnson is currently in India for a 2-day visit and the focus of this visit is clearly on bilateral trade agreements as well as investment and technology partnerships. In an official statement by the British High Commission, Johnson will confirm trade deals worth £1 billion. The UK is working towards slashing trade barriers and promoting bilateral trade with India. Furthermore, through these deals, 11,000 jobs will be created across the UK.

“UK and Indian businesses will confirm more than £1 billion in new investments and export deals today in areas from software engineering to health, creating almost 11,000 jobs across the UK,” the statement said.

On arrival, Johnson talked about what the two countries could achieve by working together. He said, “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. 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.”

According to the statement, Johnson further said that he was looking forward to boost collaboration with one of the world’s fastest growing economies, slashing trade barriers for UK businesses and driving jobs and growth at home.

PM Johnson 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 trade and investment by 2030. Negotiating teams will hold their third round of formal talks in India next week.

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