UK Prime Minister Boris Johnson on his two day visit to India agreed to strengthen partnership with India in defence manufacturing and procurement, climate and energy and promotion of startups. UK and Indian businesses have confirmed more than £1 billion in new investments and export deals.
India and UK will ink Free Trade Agreements in 2022. India has recently signed FTAs with UAE and Australia. After the meeting with PM Narendra Modi, Mr. Johnson announced his plans to create an Open
General Export Licence (OGEL) for India. He also appreciated the skills of Indian workers in computer programming and related areas. With respect to work visas to Indian citizens, UK had agreed to make major concessions in sectors such as IT. It is expected that the FTA would ease imports of British machinery to India while it could facilitate textiles and rice exports from India. Mr. Johnson said that UK would help India build fighter jets, in an attempt to counter Russian influence over India.
A Free Trade Agreement with India could double our trade and investment by the end of the decade.Boris Johnson
Prime Minister of United Kingdom
Without explicitly mentioning the name of any country or government, Mr. Johnson said that India and UK are fellow democracies ready to take on autocratic regimes. Meanwhile, it is reported in the international media that UK is planning to send tanks to Poland to help Ukraine’s resistance against the Russian aggression. Donbas in Eastern Ukraine is now in the focus of Russia as War in Ukraine takes a new turn. Mr. Johnson has also announced that UK will reopen its Kyiv embassy in the coming week.
PM@BorisJohnson and I spoke about the reforms in India and the investment opportunities they bring. We also had deliberations on strengthening the innovation eco-system for the benefit of our youth and start-ups.Shri. Narendra Modi
Prime Minister of India