Britain s Secretary of State of International Trade Liz Truss in London.
| Photo Credit:
REUTERS
India is the world’s biggest democracy and a nation that shares our belief in free enterprise, says Britain s International Trade Secretary Liz Truss Indian technology major Tata Consultancy Services (TCS) and pharmaceutical and biotech major Wockhardt are among the big investment wins being celebrated in the United Kingdom as Britain s International Trade Secretary Liz Truss concluded her five-day visit to India this week.
The Department for International Trade (DIT) confirmed that the Cabinet minister, who held talks with Commerce and Industry Minister Piyush Goyal during her visit to Delhi between February 5 and 9, had agreed the terms of an Enhanced Trade Partnership (ETP) and set the stage for a potential free trade agreement (FTA) in the future.
TCS, Wockhardt lead UK s big Indian investment wins
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Last Updated: Feb 10, 2021, 10:14 AM IST
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According to official statistics, the UK-India trade relationship was worth 23 billion pounds in 2019 and supports key industries such as technology and life sciences and around half a million jobs in each other s economies.
Reuters
A person crosses the Westminster Bridge, with the Palace of Westminster on the background, as snow falls in London, Britain, January 24, 2021. REUTERS/Toby Melville
Indian technology major Tata Consultancy Services (
TCS) and pharmaceutical and biotech major Wockhardt are among the big investment wins being celebrated in the UK as International Trade Secretary Liz Truss concluded her five-day visit to India this week.
Indian technology major Tata Consultancy Services (TCS) and pharmaceutical and biotech major Wockhardt are among the big investment wins being celebrated in the UK as International Trade Secretary Liz Truss concluded her five-day visit to India this week. The Department for International Trade (DIT) confirmed that the Cabinet minister, who held talks with Commerce and Industry Minister Piyush Goyal during her visit to Delhi between February 5 and 9, had agreed the terms of an Enhanced Trade Partnership (ETP) and set the stage for a potential free trade agreement (FTA) in the future. Besides, the minister also clinched a major investment by TCS that will bring 1,500 high-skilled jobs to sites all over the UK and further investment by Wockhardt at its Wrexham site in Wales, which will lead to more than 40 new jobs and the extension of a COVID-19 vaccination contract to ensure the UK has uninterrupted fill and finish capacity for vaccines in 2022.
| UPDATED: 17:04, Wed, Feb 3, 2021
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Just over a year since the UK officially left the EU, it has applied to one of the world s most ambitious free trading areas. The CPTPP is made up of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Covering an astonishing 500 million people, should the UK be accepted into the CPTPP, critics have noted it will be more difficult to reach as opposed to neighbouring markets in Europe.