Boris Johnson has announced a £1 billion deal that will generate nearly 11,000 jobs for Indians. The agreement was announced by the British Prime Minister on his maiden two-day visit to India after being elected to the post.
During his first two-day visit to India since being elected, Boris Johnson, the new Prime Minister of the United Kingdom, announced a £1 billion agreement. Up to 11,000 employments will be created under the deal for Indians across the UK, according to the country’s high commission on Thursday.
Speaking on April 21, the UK High Commission stated, “Today, more than £1 billion in new investments and export deals will be confirmed between British and Indian in sectors ranging from software engineering to health. This will create nearly 11,000 jobs throughout Britain.”
Johnson was reported to have said, “As I reach India (April 21), I am struck by the immense possibilities for what the UK and India may accomplish together. From next-generation 5G telecoms and artificial intelligence to new collaborations in health research and renewable energy, the United Kingdom and India are setting the global standard. The tremendous relationship between Indian and Britain is helping to create jobs, growth, and opportunity for our people, and it will only grow in the future years.”
Aside from that, companies such as Byju’s have picked the UK to be their first global innovation base, investing £15 million and creating 55 jobs. Tata Chemicals has announced a £20 million investment to expand its UK business, which will result in the creation of 30 new jobs.
Apollo Tyres has committed £5 million to the establishment of a Digital Innovation Hub in the United Kingdom, which will result in the creation of 25 jobs. Microlabs, an Indian pharmaceutical company, is investing £10 million to expand in the United Kingdom.
The other companies that will invest in the UK include LTI, Leverage Edu, TVS Supply Chain Solutions, Goqii, Xelpmoc, HyperXchange, Property Share, Lepton Software, Gayam Motor Works, Manras Technologies, Searce, Forest Essentials, Qure AI Technologies, and Start-up Voyager.