India & UK further strengthen ties with a pact on ease of doing business

SansadTV Bureau
New Delhi: Prime Minister Narendra Modi shakes hands  with UK counterpart Theresa May at Hyderabad House, Nov 7, 2016. Photo - PTI

New Delhi: Prime Minister Narendra Modi shakes hands with UK counterpart Theresa May at Hyderabad House, Nov 7, 2016.
Photo – PTI

Prime Minister Narendra Modi held talks with her british counterpart Theresa May strengthening further the ties between the two nations. Ms May, who is on a three day visit to India, arrived in New Delhi late on Sunday and jointly with PM Modi inaugurated the India-UK Tech Summit this morning.

Following the innauguration th technology summit, the two leaders held a bilateral meet at Hyderabad House in New Delhi taking up the key areas of trade, investment, defence and security.

The two countries have now decided to establish a joint working group on trade, PM Narendra Modi told after talks with British counterpart Teresa May. India and the UK have also inked two MoUs on ease of doing business and cooperation in IPR.

“I am inviting British defence industry for manufacture and co-development of projects in India,” the Prime Minister said.

On the issue of terrorism and the fight against global terroirism, PM Modi said that both the nations have agreed that “terror is not a limited threat”. The two leaders also discussed cross-border terrorism and need for action against states supporting terror.

This is Theresa May’s first trip outside Europe after taking over as the Prime Minister of UK post the Britain voting to exit the European Union.

Before leaving London, she described India as the UK’s “most important and closest” friend and a leading power in the world, adding “We will be promoting the best of Britain, sending out the message that we are open for business, and making the most of the opportunities offered by Brexit as the world’s foremost champion of free trade”.

May, who is accompanied by senior British ministers and a big trade delegation, will also travel to Bengluru on Tuesday where she will attend some business events and will meet the Karnataka Chief Minister Siddaramaiah.

The November 6-8 visit comes in the backdrop of the historic June referendum favouring Brexit and as part of the new May-led government to step up engagement with countries outside the 28-nation European Union.

“She will deliver on her ambitious vision for Britain after Brexit, forging a new global role for the UK beyond the continent of Europe. She will also deliver on her pledge for an economy that works for all, by introducing new and emerging enterprises, as well as more established players, to the key Indian market,” an official statement in London said.

Number of commercial deals are expected to be signed between the two nations during the visit, creating and securing jobs at home and demonstrating market confidence in the strength of the
British economy.

(With inputs from the PTI)