UK delegation in India unlocks over £1 billion in deals
Among the announced items are a £50 million investment in AI research in Britain and an aviation expansion by Menzies Aviation.
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What happened
A British trade delegation visiting India has announced more than £1 billion worth of agreements. The package includes a £50 million investment in artificial intelligence research in the UK and expanded aviation services from Menzies Aviation. Piyush Goyal and Jonathan Reynolds co-chaired a Joint Economic and Trade Committee meeting, the first since the India-UK trade agreement took effect.
Why it matters
The deals are described as adding jobs and investment, with hundreds of jobs cited. Both countries are working to strengthen trade and investment ties.
Timeline
- Oct 12, 2:15 AM ET: The UK trade mission to India announces more than £1 billion in new agreements.
- Oct 13, 12:16 AM ET: Goyal and Reynolds co-chair the JETCO meeting, the first held after the trade agreement was implemented.
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