British Prime Minister Boris Johnson will announce a number of commercial agreements as part of a ‘new era’ in bilateral trade and investment ties during his visit to India. The High Commission said UK and Indian businesses would confirm 1 billion GBP in new investments and export deals – from software engineering to health – that will create nearly 11,000 jobs in the United Kingdom.
The investments will include a R&D centre for electric buses in the UK. It will also include Indian firm Bharat Forge and electric truck manufacturer Tevva Motors expanding and creating 500 new jobs, as well as Indian software firm Mastek investing 79 million GBP to create 1,600 jobs in the UK over three years.
“Negotiating teams will hold their third round of formal talks in India next week,” the High Commission statement said.
“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,” Johnson was quoted as saying in the statement.
