(Video) Rajya Sabha TV (RSTV) The Big Picture: India-UK Trade Tie

Topic: India-UK Trade Tie

Guest:

Prof. Swaran Singh, (Chairperson, CIPOD, JNU)
Jitendra Nath Misra, (Former Ambassador)

Topic Description:

UK Prime Minister Boris Johnson on Monday announced new UK-India trade and investment worth 1 billion pounds, including an investment of 240 million pounds by the Serum Institute of India for its vaccine business in Britain.

The announcement came ahead of his virtual summit with Prime Minister Narendra Modi on Tuesday.

The package includes over 533 million pounds of new Indian investment into the UK, in vital and growing sectors such as health and technology, British exports to India worth more than 446 million pounds, while 200 million pounds of these deals will support low carbon growth.

The investments include 240 million pounds to be pumped in by the Serum Institute for its vaccine business in Britain, and a new sales office.

According to the British Prime Minister’s Office, the investments form part of an Enhanced Trade Partnership.