UK Chancellor Rachel Reeves and Finance Minister Nirmala Sitharaman announced USD 400 million in new trade and investment deals at the 13th UK-India Economic and Financial Dialogue in London.
In his meeting with finance minister Nirmala Sitharaman, London Mayor Alastair King stated that UK is keen to deepen infrastructure financing in India.
West Bengal's Chief Minister Mamata Banerjee who is on a visit to the UK spoke about how Bengal is looking forward to further cement ties with partners in UK and beyond.
Indian-origin MP Virendra Sharma celebrated a remarkable milestone, marking 50 years of dedicated public service to the Ealing Borough and the Labour Party, a release observed.
He noted that over the past 40 years, the assumption has been that peace and tranquillity in the border areas are essential for the relationship to grow. "If the border is unstable, not peaceful, or not tranquil, it will inevitably affect the growth and direction of our relationship."
In a major push to bolster economic ties between the UK and India, UK ministers have announced 17 new export and investment deals during their visit to India this week, a press release added on Wednesday.
The visit includes two days of discussions with India's Commerce and Industry Minister, Piyush Goyal, and his team, aimed at reviving the stalled trade deal and deepening economic ties between the two nations.
UK Secretary of State for Business and Trade Jonathan Reynolds, along with India's Commerce and Industry Minister Piyush Goyal, visited the National Crafts Museum in Delhi.
The Free Trade Agreement talks between India and the United Kingdom (UK), which are set to resume, will be pathbreaking and help the trade to grow 2 to 3 times in a decade, said Piyush Goyal, Union Minister of Commerce and Industry, on Monday.