Prime Minister Narendra Modi and his British counterpart Boris Johnson on Tuesday unveiled an ambitious 10 year roadmap to raise India-UK ties to a comprehensive strategic partnership and boost cooperation in key areas, including defence, security, business and healthcare.
Throughout a virtual summit between Modi and Johnson, the two sides also declared an enhanced business partnership, termed as “another big-ticket announcement” by the Outside Matters Ministry.
According to a remark from Johnson’s office,”more than 6,500 new jobs will be created around the United Kingdom thanks to the one billion pounds of new UK-India business and investment announced by the Prime Minister today.”
The package contains over 533 million pounds of new Indian investment into the United Kingdom, which is expected to create more than 6,000 jobs in imperative and growing sectors such as health and technology, Downing Road said.
This includes a GBP 240 million investment by the Serum Institute of India (SII) in the United Kingdom into its vaccine trade and a new sales office in the country, expected to generate new trade worth over USD 1 billion, it added.
Asserting that the summit has “opened a new chapter” in the Indo-UK ties, the MEA said the launch of an ambitious 10-year roadmap to further broaden ties was once a “big deliverable”, and five area of cooperation under the roadmap were –people-to-people ties, business, defence and security, climate and health.
Another big-ticket announcement was once declaration of enhanced business partnership, the ministry said.
On if the extradition of Indian fugitives — Vijay Mallay and Nirav Modi– was once discussed between the two leaders, the MEA said they discussed extradition of economic offenders.
Throughout the assembly PM Modi said economic offenders will have to be sent back to India at earliest for trial, the ministry added.
Johnson was once scheduled to visit India late final month. But days before the visit, he called it off in view of the coronavirus pandemic.
In January too, Johnson’s deliberate commute to India to take part in the Republic Day parade as the chief guest was once cancelled following a surge in COVID-19 infections in the United Kingdom.
Earlier in the day, Outside Matters Minister S Jaishankar and British Home Secretary Priti Paten signed a migration and mobility partnership agreement.
Jaishankar is currently on a four-day visit to the United Kingdom to attend a assembly of foreign ministers of G7 countries.
“A fruitful assembly this morning with Home Secretary @pritipatel. Signed the Migration and Mobility Partnership Agreement that would facilitate valid go back and forth and encourage talent flows. The living bridge between India andthe UK will get stronger in consequence,” he tweeted.
(Only the headline and picture of this outline may have been reworked by the Commerce Standard staff; the remainder of the satisfied is auto-generated from a syndicated feed.)
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