City
Epaper

India expands UK footprint as GBP 41 billion partnership boosts growth

By ANI | Updated: March 5, 2025 13:10 IST

New Delhi [India], March 5 : The India-UK partnership is set to strengthen significantly as External Affairs Minister S ...

Open in App

New Delhi [India], March 5 : The India-UK partnership is set to strengthen significantly as External Affairs Minister S Jaishankar visits the United Kingdom to reinforce the growing GBP 41 billion trading relationship between the two nations.

A major highlight of this visit is the announcement of two new Indian consulates in Belfast and Manchester, a move aimed at fostering regional economic ties and enhancing investments.

The UK has also welcomed over GBP 100 million in new Indian investment deals, expected to create jobs, strengthen economic growth, and improve financial prospects for working individuals.

Ahead of the consulates' inauguration, Dr Jaishankar met Foreign Secretary David Lammy at Chevening House to advance the UK-India Comprehensive Strategic Partnership.

Their discussions focused on economic growth, technological innovation, and tackling global challenges such as climate change. They also addressed pressing geopolitical concerns, including Russia's war in Ukraine and the Middle East situation.

Foreign Secretary David Lammy emphasised the importance of India as a key partner, stating, "One of my first visits as Foreign Secretary was to India because deepening our partnership for our shared growth and security is a key part of this government's Plan for Change."

He further said, "Dr Jaishankar and I are supercharging our GBP 41 billion trading relationship with India, after trade talks were relaunched in Delhi. It is the floor, not the ceiling of our ambitions that will benefit both our economies."

"The opening of new Indian consulates in Belfast and Manchester demonstrate the growing links between our peoples and how we are working together to deliver growth not only in London, but right across the UK. This expansion of India's diplomatic presence will further boost our trading relationship and support the valued Indian community in the UK," he added.

The discussions also covered the Technology Security Initiative, first launched during Lammy's visit to Delhi in July 2024.

This initiative aims to strengthen cooperation in emerging sectors such as Artificial Intelligence, telecoms, and critical minerals. Closer ties in these sectors are expected to lead to advancements in healthcare, resilient supply chains, increased investment, and new job opportunities.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

CricketENG vs IND 4th Test: Will Rishabh Pant Keep Wickets in Manchester Test? Shubman Gill Gives BIG Update

EntertainmentPrateik Chaudhary reveals why he turned down ‘Kyunki Saas Bhi Kabhi Bahu Thi 2’

BusinessNew income tax bill to simplify tax filing for commoners, small businesses: Jay Panda

NationalNew income tax bill to simplify tax filing for commoners, small businesses: Jay Panda

NationalCBI arrests Jharkhand Sub-Post Master for taking Rs 20,000 bribe

Business Realted Stories

BusinessUnderground mining at Gondkhari: A sustainable boost to environment and local economy  

BusinessIndustry Giant "UNIPACK Corrugated" enters India's ₹50,000 crore Packaging Market through Strategic Acquisition of Congzhou Machinery

BusinessTRAI convenes joint committee of regulators on issues of spam and cyber fraud

BusinessOver Rs 28,996 crore loans given to SC, ST and women under Stand-up India scheme: FM Sitharaman

BusinessDixon Technologies’ profit declines 39 pc sequentially to Rs 280 crore in Q1