India and United Kingdom Sign 1 Billion Euro-Trade deals To Create Jobs

Indian investment deals will create 1,000 new UK jobs each at health and tech firms Infosys, HCL Technologies and Mphasis. Some 667 UK jobs will be created at Q-Rich Creations, 500 jobs at Wipro and 465 at 12 Agro. – By Philip Kitune.

“The economic links between our countries make our people stronger and safer,” said Mr. Johnson.

The Serum Institute of India will spend £240 million in clinical trials, testing, and potentially vaccine production as part of the contract, which was announced ahead of a virtual meeting with India’s Prime Minister Narendra Modi.

Serum has already started phase one trials in the UK of a one-dose nasal vaccine for coronavirus, in partnership with Codagenix.

“Each and every one of the more than 6,500 jobs we have announced today will help families and communities build back from coronavirus and boost the British and Indian economies,” said Mr. Johnson.

It includes more than £533m of new investment from India into the UK, which is expected to create about 6,000 jobs. Downing Street said the new partnership will “pave the way” for a future UK-India Free Trade Agreement.