UKIBC hails 1.3 billion pounds in new Indian investments into UK

Mumbai, Oct 9 (IANS) The UK India Business Council (UKIBC) on Wednesday hailed the successful conclusion of UK Prime Minister Keir Starmer's visit to India, which saw major new announcements, including 1.3 billion pounds in new Indian investments into the UK and agreements to expand British university campuses in India.

The UKIBC also highlighted other big announcements in the joint statement of the two Prime Ministers, which include the establishment of the India-UK Connectivity and Innovation Centre and the setting up of the India-UK Joint Centre for AI, along with enhanced cooperation on AI, clean energy, and advanced manufacturing, besides new connectivity links between the two countries.

Besides, new films and creative collaborations, including Bollywood productions, are to be filmed in the UK.

UKIBC Chair Richard Heald, who was part of the delegation, said: "The UK Prime Minister’s visit to India comes at a pivotal moment in the evolution of our bilateral relationship, defined increasingly by partnership, shared prosperity, and mutual respect. The recently signed the UK–India Free Trade Agreement embodies the deep strategic and economic alignment between our two nations, and will be instrumental in shaping a more dynamic, modern, and equitable framework for trade and investment."