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India, UK unveil 10-year road map to elevate bilateral trade partnership

Announce £1 bn worth of new investment

Prime Minister Narendra Modi and his UK counterpart Boris Johnson during the virtual summit on Tuesday. Photo: PTI
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Prime Minister Narendra Modi and his UK counterpart Boris Johnson during the virtual summit on Tuesday. Photo: PTI

Shreya Nandi New Delhi
Prime Minister Narendra Modi and his British counterpart Boris Johnson on Tuesday unveiled an ambitious 10-year road map to elevate the India-UK bilateral relationship to a comprehensive strategic partnership, paving the way for a stronger engagement in areas such as trade and economy, defence and security, and health.
 
Hours before the virtual summit, the UK prime minister announced a new India-UK trade investment worth £1 billion, including an investment of £240 million by Serum Institute of India for its vaccine business in Britain.
 
“The package contains over £533 million of new Indian investment into the UK, which is