PM Boris Johnson announces new deals worth £1 billion on India visit
India Today
British Prime Minister Boris Johnson on Thursday announced a slew of commercial deals with a focus on the UK and India’s trade, investment and technology partnership.
Prime Minister Boris Johnson arrived in India on Thursday morning for his two-day visit. He will announce a host of commercial agreements and unsher in a new era in UK and India’s trade, investment and technology partnership.
As per a press statement by the British High Commission, PM Johnson will use his visit to India to boost ties with India, slashing trade barriers for UK businesses and driving jobs and growth at home.
"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 read.
PM Johnson spoke of the vast possibilities for the two nations. “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,” he said.
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The UK will confirm major new science and tech collaboration, including a Digital Health partnership and a joint investment fund for Indian deep-tech and AI start-ups, supported by the UK and Indian governments; new AI scholarships for Indian students jointly funded by the UK Government’s Chevening programme and India’s Adani Group; and a £6m investment from AI healthcare specialists Qure-ai to open a Centre of Excellence in the UK.
The total investment of £1.04bn will generate an estimated 10,906 jobs. The investment has been broken down as:
