UK, Indian companies announces commercial deals of 1 bn pounds

25 Apr 2022 CW Team

UK and Indian companies announced 1 billion pounds in new investments and export transactions ranging from software engineering to health care, which would result in the creation of approximately 11,000 jobs in the UK.

During his visit to India, UK Prime Minister Boris Johnson announced a series of commercial agreements as part of a new era in the bilateral trade and investment ties.

A research and development (R&D) centre for electric buses will be established in the UK as part of the funding.

It would also feature the expansion of Indian business Bharat Forge and electric vehicle producer Tevva Motors, along with the investment of 79 million GBP by Indian software firm Mastek to create 1,600 jobs in the UK over three years.

Boris Johnson arrived in the country for a two-day visit. The UK prime minister also met Prime Minister Narendra Modi in Delhi after finishing up his activities in Gujarat.

The two presidents discussed strengthening cooperation in crucial areas, including defence and commerce, and sharing perspectives on the Ukraine situation.

The media sources revealed that the UK did not lecture India on its role in the war.

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Also read: India and China bilateral trade hikes up to 15.3% in Q1 2022

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