UK Foreign Minister Elizabeth Truss on Saturday said her country and India believed in freedom and democracy
Photo: India, UK flags
UK Foreign Minister Elizabeth Truss on Saturday said her country and India believed in freedom and democracy and can make the world safer and prosperous.
She was speaking in Mumbai at a reception held on the HMS Defender where industrialists from the UK and India met. Countries like the UK and India believe in freedom and democracy and can make the world safer and prosperous.
“That is the mission of UK and India too,” she said, adding that the two countries were working on a new trade deal in the areas of economy, defence, trade and climate. India is the second largest investor in the UK and I want to see more UK investment in India.
The UK has the third highest number of unicorns while India has the third highest number of start ups. If we bring our resources and assets together, we can do much more. I met the Indian finance minister and foreign minister and talked about how to deepen our partnership in areas like technology, she said.
The UK-India economic relationship is already strong with bilateral trade of over 18bn in 2020, supporting nearly half a million jobs in each other’s economies, an official from the media department of the British High Commissioner said. The official said the prime ministers of the two nations have set a target to double the value of UK-India trade by 2030, and have also declared their shared intent to begin negotiations on a comprehensive free trade agreement (FTA) by the end of this year.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Sun, October 24 2021. 07:06 IST
UK Foreign Minister Elizabeth Truss on Saturday said her country and India believed in freedom and democracy Topics UK govt | India | diplomacy Photo: India, UK flags UK Foreign Minister Elizabeth Truss on Saturday said her country and India believed in freedom and democracy and can make the world safer and prosperous. She was speaking in Mumbai at a reception held on the HMS Defender where industrialists from the UK and India met. Countries like the UK and India believe in freedom and democracy and can make the world safer and prosperous. “That is the mission of UK and India too,” she said, adding that the two countries were working on a new trade deal in the areas of economy, defence, trade and climate. India is the second largest investor in the UK and I want to see more UK investment in India. The UK has the third highest number of unicorns while India has the third highest number of start ups. If we bring our resources and assets together, we can do much more. I met the Indian finance minister and foreign minister and talked about how to deepen our partnership in areas like technology, she said. The UK-India economic relationship is already strong with bilateral trade of over 18bn in 2020, supporting nearly half a million jobs in each other’s economies, an official from the media department of the British High Commissioner said. The official said the prime ministers of the two nations have set a target to double the value of UK-India trade by 2030, and have also declared their shared intent to begin negotiations on a comprehensive free trade agreement (FTA) by the end of this year.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed. Support quality journalism and subscribe to Business Standard. Digital Editor First Published: Sun, October 24 2021. 07:06 IST