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 News: LONDON: British Prime Minister Boris Johnson on Tuesday declared a new era in UK-India relations following a virtual summit with Prime Minister Narend.
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Prime Minister Narendra Modi and Boris Johnson, Prime Minister of the United Kingdom held a Virtual Summit today (May 4). An ambitious âRoadmap 2030â was adopted at the Summit to improve the bilateral ties to a âComprehensive Strategic Partnershipâ.
The roadmap will pave the way for a stronger engagement over the next ten years in the key areas of people to people contacts, trade and economy, defence and security, climate action and health.
During this discussion, Modi also raised the need to extradite economic offenders like Vijay Mallya, Nirav Modi at the earliest, stated the External Affairs Ministry. According to CNBC TV 18, the UK PM assured his Indian counterpart that he will do whatever is possible.
TheCityUK Hails Huge Potential Of UK-India Trade Deal Date
04/05/2021
The UK and India have announced plans for deeper cooperation, including a new Enhanced Trade Partnership paving the way for a future UK-India Free Trade Agreement.
Miles Celic, Chief Executive Officer, TheCityUK, said,
India will be one of the global economic powerhouses of the 21st century. A deal between India and the UK is a goal worth fighting for, but we must be clear-eyed about the size of the challenge. Reaching an agreement will take time and real commitment on both sides.
“The UK and India have two of the world’s most exciting and innovative service sectors. This should provide a solid foundation for economic cooperation and development. Any FTA must strive to deliver stronger two-way investment and trade in services. It should also build on the deep links between our professional services sectors, ensuring that businesses in the UK can attract the specific technical skills they need, while