London: The Serum Institute of India will invest GBP 240 million in the UK to expand its vaccine business and set up a new sales office creating a large
Serum Institute to invest 240 million pounds in the UK to expand vaccine business
PTI
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The Serum Institute of India will invest 240 million pounds in the UK to expand its vaccine business and set up a new sales office creating a large number of jobs,The Downing Street has announced as part of plans for a 1-billion pound India-UK Enhanced Trade Partnership creating around 6,500 jobs in Britain. The Pune-based vaccine manufacturer is among a list of nearly 20 Indian companies across sectors such as healthcare, biotech and software services to announce significant investment plans in the UK.
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It was also revealed that the Serum Institute of India (SII) has started phase one trials in the UK of a nasal vaccine against coronavirus.
Serum Institute of India leads cross-sector Indian investments into UK
LONDON, May 4: The Serum Institute of India will invest GBP 240 million in the UK to expand its vaccine business and set up a new sales office creating a large number of jobs, Downing Street has announced as part of plans for a GBP 1 billion India-UK Enhanced Trade Partnership creating around 6,500 jobs in Britain.
The Pune-based vaccine manufacturer is among a list of nearly 20 Indian companies across sectors such as healthcare, biotech and software services to announce significant investment plans in the UK.
It was also revealed that the Serum Institute of India (SII) has started phase one trials in the UK of a nasal vaccine against coronavirus.
›India, UK to reduce trade barriers infood, medical devices, cut duty on whiskey, auto under trade pact: UKIBC
India, UK to reduce trade barriers infood, medical devices, cut duty on whiskey, auto under trade pact: UKIBC
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India, UK to reduce trade barriers infood, medical devices, cut duty on whiskey, auto under trade pact: UKIBCBy
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Synopsis
The two sides had decided earlier this year to launch an ETP to develop a roadmap that would lead to a potential comprehensive free trade agreement( FTA), including considerations on an interim pact on a preferential basis.
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In the year before the pandemic bilateral trade grew 10% to GBP24 billion.