Smart talk deals

Prime Minister announces new £1billion trade deals during historic visit to India

  • The Prime Minister welcomes more than 11,000 new jobs created by huge new trade and investment deals between the UK and India as he begins a two-day visit
  • PM to visit new factory, university and cultural sites in Gujarat and announce new AI and technology collaboration
  • On Friday, he will travel to New Delhi for talks with Prime Minister Modi on economic, security and defense collaboration.

Prime Minister Boris Johnson will announce a series of trade deals and hail a new era in the UK-India trade, investment and technology partnership when he arrives in Gujarat today. [Thursday] for the start of a two-day visit to India.

The Prime Minister will use his visit to India to strengthen our collaboration with one of the fastest growing economies in the world, reducing trade barriers for British businesses and boosting jobs and growth in the country.

British and Indian companies will today confirm more than £1 billion in new investment and export deals in areas ranging from software engineering to healthcare, creating nearly 11,000 jobs across the Kingdom -United. Including:

  • A new Switch Mobility electric bus R&D center in the UK and the opening of their Asia-Pacific headquarters in Chennai, generating over 1,000 UK jobs in India;
  • Investment by major Indian manufacturer Bharat Forge and electric truck maker Tevva Motors to expand to a new site in the southeast and create 500 new jobs;
  • Indian software firm Mastek is investing £79m to create 1,600 jobs over the next three years across the UK;
  • Business consultancy FirstSource is opening new offices in South Wales, the Midlands and towns in the North East and North West.
  • Hertfordshire-based Smith & Nephew has secured a major export deal to sell robotic surgical systems to India, and Northamptonshire-based Scott Bader has opened a new resins plant to supply major companies renewable energy in Southeast Asia.

The Prime Minister will also welcome OneWeb’s signing of a landmark satellite launch contract with New Space India Limited, the commercial arm of the Indian Space Research Organisation. OneWeb is an innovative UK-based satellite communications company invested in by the government to put the UK at the forefront of rapidly evolving space technologies. This agreement with India is a significant development for the company’s operations.

Prime Minister Boris Johnson said:

Arriving in India today, I see vast possibilities for what our two great nations can achieve together. From 5G telecommunications and next-generation AI to new partnerships in health research and renewable energy, the UK and India are leading the world.

Our powerful partnership is creating jobs, growth and opportunity for our people, and it will only get stronger in the years to come.

The Prime Minister will visit a new factory being opened by a major British company in Gujarat, as well as a biotechnology university working in conjunction with the University of Edinburgh.

The UK will confirm major new science and technology collaboration, including a partnership on digital health and a joint investment fund for Indian hi-tech and AI start-ups, backed by the UK and Indian governments; new AI scholarships for Indian students jointly funded by the UK government’s Chevening program and India’s Adani Group; and a £6 million investment from AI health specialists Qure-ai to open a center of excellence in the UK.

While traveling to New Delhi on Friday, the Prime Minister will also use this week’s visit to advance negotiations on the landmark UK-India Free Trade Agreement, which is expected to help double our trade and investment by 2030. The negotiating teams will hold their third round of formal talks in India next week.

Work is already progressing to cut red tape for businesses following the enhanced UK-India trading partnership launched by the two Prime Ministers last year, and today our governments will announce further measures to facilitate the export of UK manufactured medical devices to India. It will support jobs in the UK and create opportunities for UK medtech companies such as Redcar-based Micropore Technologies to sell their lifesaving products in India, a $2.4 billion import market. of pounds sterling.

Further information :

The new Indian investment deals announced today are:

  • Switch Mobility: Firm will establish an R&D center in the UK this summer, as part of the company’s £300m investment and expects to employ over 1,000 highly skilled jobs in the UK and around the world. India.
  • Mastek: Investment of around £79m to expand its UK business, creating 1,600 jobs in the UK
  • Firstsource: Investment to set up hub and spoke offices across the UK, creating 1,000 jobs in the UK
  • Tech Mahindra: Plans to support AI growth, aiming to create 1,000 UK jobs
  • Mphasis: £5m investment to establish a new office in the North of England, generating around 700 high-skilled jobs
  • Prodapt: ​​£100m investment expands UK software and technology services operations, creating around 500 jobs.
  • Bharat Forge – Tevva Motors £50m to expand into new UK site for electric truck manufacturing, creating 500 UK jobs
  • Jupiter LifeLine Hospitals Ltd: setting up a state-of-the-art neurorehabilitation center for patients in the UK, creating 500 jobs with an investment of around £50m.
  • TVS Motors: investment of around £100 in iconic British brand Norton Motorcycle. This is expected to create 250-300 direct jobs over the next 3 years and another 500-800 indirect jobs in the supply chain.
  • Brinton Pharmaceuticals: Creation of a global research and development hub in the UK with an investment of £30 million, creating around 300 jobs.
  • LTI – £1m, creating 300 jobs in the UK
  • TVS Supply Chain Solutions: expansion into the UK with an additional investment of £4m, creating 280 jobs
  • Leverage Edu: Indian Edtech startup Leverage Edu is investing £15m over the next three years to strengthen its presence in the UK, creating 150 jobs in the UK
  • Goqii: MedTech Startup Goqii invests £10m to expand in the UK, creating 100 high-quality jobs
  • Property sharing: First Indian real estate tech company to enter the UK market, £10m creating 60 jobs
  • Xelpmoc: An Indian tech company will invest £3.5 in a UK technology and innovation center of excellence, creating 60 jobs.
  • HyperXchange: HX, one of India’s leading refurbished electronics brands, is investing £3m to set up a new entity in England and Scotland, creating 60 jobs.
  • Lepton Software: expansion of existing operations in Manchester. £3 million, creating 56 jobs.
  • Byjus’s: Fintech company has chosen the UK to be its first global innovation hub, creating 55 jobs with an investment of £15m
  • Gayam Motor Works: £10m investment to establish an electric vehicle assembly unit in the UK, creating 55 jobs.
  • Searce: A technology company will invest £10 to invest in the UK, creating 50 jobs.
  • Manras Technologies: the software start-up will invest 8.5 million euros to expand its activities in the United Kingdom, thus creating 50 jobs.
  • Forest Essentials: Indian luxury beauty brand invests £5m in new UK office, creating 40 jobs
  • Tata Chemicals: £20m investment to expand UK operations, creating 30 jobs
  • Apollo Tyres: £5m investment to open a digital innovation center in the UK, creating 25 jobs
  • Start-up Voyager: £2.2 investment to boost UK operations, creating 25 jobs
  • Microlabs: an Indian pharmaceutical company invests £10 million to expand into the UK
  • Qure AI Technologies – £6m, creating 15 UK jobs

The new UK export deals announced today are:

  • OptiBiotix Health plc signs an exclusive sales agreement with the Indian group Apollo Hospitals
  • Health education companies AT&F Solution and OrthOracle UK have agreed a £9.82million deal to provide medical education.
  • RELX signs a five-year commercial agreement to provide primary healthcare in more than 70 medical centers.
  • Scott Bader will invest £23 million to establish a resin manufacturing plant in India, creating 150 jobs in India.
  • Medical technology company Smith and Nephew has signed several deals for its robotic surgical system to be used in India.
  • Ujala Cygnus has secured a £6.9million deal to train Indian doctors in acute medicine, creating 20 jobs in the UK.
  • Cyanconnode announces £5m deal to support smart meters in India, creating 10 jobs in the UK.
  • British technology company What3Words will partner with several Indian automakers to provide accurate satellite navigation.
  • McLEAR, a pioneer in contactless payments, will launch the first Smart Ring in India under a £10 million deal.
  • Wireless infrastructure manufacturer Radio Design will establish a new manufacturing center in India.
  • Carbon Masters agrees a joint venture to implement a waste management project in Bengaluru that will reduce carbon emissions.
  • The British-Indian joint venture Pandrol Rahee will set up a state-of-the-art manufacturing center in West Bengal.
  • Deliveroo will set up its largest tech hub outside the UK in Hyderabad, India.
  • Arup has agreed a £1million deal to accelerate India’s railway station redevelopment programme.
  • British FinTech company Revolut announces its new expansion in India, creating hundreds of additional jobs.