Serum Institute of India set to invest £240 million in U.K.
The Hindu
British PM announces Indian investment deals ahead of UK-India summit
Ahead of the U.K.-India bilateral summit, Prime Minister Boris Johnson has announced £1 billion investment deals by Indian companies that will create 6,500 jobs in the U.K. The biggest in the investment deals is by the (SII) amounting to £240 million. The investment by the SII is aimed at the firm’s in the U.K. and a new sales office, said an official statement. “The sales office is expected to generate new business worth over $1 billion, £200 million of which will be invested in the U.K. Serum’s investment will support clinical trials, research and development and possibly manufacturing of vaccines,” said the official statement.
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