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London: More than 6,500 new jobs will be created around the UK thanks to £1bn of new UK-India trade and investment announced by the Prime Minister today (Tuesday 4 May 2021).
The package contains over £533m of new Indian investment into the UK, which is expected to create more than 6,000 jobs in vital and growing sectors such as health and technology. £200m of these deals will support low carbon growth.
This includes a £240 million investment by the Serum Institute of India in the UK into their vaccine business and a new sales office which will create a large number of jobs. The sales office is expected to generate new business worth over $1 billion, £200 million of which will be invested into the UK. Serum’s investment will support clinical trials, research & development and possibly manufacturing of vaccines. This will help the UK and the world to defeat the coronavirus pandemic and other deadly diseases. Serum have already started phase one trials in the UK of a on
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UK PM Boris Johnson announces 1 billion pound trade deal with India
The investments confirmed by Downing Street form part of an Enhanced Trade Partnership (ETP), which UK PM Boris Johnson and his Indian counterpart Narendra Modi will formally sign off during their talks
PTI | May 4, 2021 | Updated 08:21 IST
UK Prime Minister Boris Johnson
The British government has finalised GBP 1 billion worth of trade and investment with India, creating over 6,500 jobs in Britain, ahead of the virtual summit between UK Prime Minister Boris Johnson and his Indian counterpart Narendra Modi on Tuesday.
The investments confirmed by Downing Street on Monday evening form part of an Enhanced Trade Partnership (ETP), which the two leaders will formally sign off during their talks.
Modi-Boris virtual summit brings GBP 1 billion worth of deals, enhanced trade partnership
PTI
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Prime Minister Narendra Modi with British counterpart Boris Johnson×
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The enhanced trade partnership will set the ambition to double the value of UK-India trade by 2030. The British government has finalised GBP 1 billion worth of trade and investment with India, creating over 6,500 jobs in Britain, ahead of the virtual summit between UK Prime Minister Boris Johnson and his Indian counterpart Narendra Modi on Tuesday.
The investments confirmed by Downing Street on Monday evening form part of an Enhanced Trade Partnership (ETP), which the two leaders will formally sign off during their talks.