Nearly 7,000 brand new jobs will be created in the United Kingdom thanks to a raft of major new deals secured by the Prime Minister during his visit to India, states the government.
64 Indian investors have confirmed their confidence in the UK as a business destination by collectively investing £1.3 billion into some of Britain’s most thriving businesses – demonstrating the impact the UK-India trade deal is already having on investor confidence.
As a result, Indian investment will flow into range of UK sectors including engineering, technology and the creative industries, driving growth and creating jobs across every region of the country – from Basingstoke to Birmingham.
The Prime Minister believes the UK-India trade deal is a launchpad for turbocharged domestic growth – with these figures proving it is already bearing fruit, despite only being signed three months ago. From next-generation electric motorbikes, semi-conductor development and agricultural innovation – the investments will benefit some of the UK’s most exciting industries and cement the UK-India economic partnership.
It comes off the back of a two-day trade mission by the Prime Minister to Mumbai, where he met with Indian business leaders and directly sealed the deals that will result in growth and jobs that will put money directly into the pockets of hardworking British people.
The UK-India trade deal will reduce tariffs on imports from the UK to India and vice versa, and it has created a burst of momentum for UK-India trade. India is already the UK’s second largest investor and more than 1,000 Indian companies operate in the UK, supporting millions of UK jobs.
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