Today PM Narendra Modi and UK PM Boris Johnson will make key announcements in trade and investment. As per the ANI, Both the PMs announce £1 billion in new UK-India trade and investment during a virtual meet. And it also includes £533 million of new Indian investment into the UK, in important and developing sectors of health and technology. They are going to invest in other developing sectors of trade also based on future requirements.
A couple of times, UK PM Boris Johnson’s India visit has been cancelled due to the Covid outbreak. Earlier, he was welcomed as an honorary guest for India’s Republic Day celebrations 2021. Later, the tour was scheduled between March and April. That too was postponed due to the surge of Covid-19 second wave.
After the second time, the UK PM’s India tour was cancelled. The UK diplomats said that they will hold a virtual meet soon. Today, it was a big day for both nations UK and India in trade and investment.