UK signs deal with India that includes investment in vaccine production

On Tuesday, the UK government announced, in a note on its official website, that it had closed a £1 billion trade deal with India, including £240 million for the Serum Institute, India’s leading producer of Covid vaccines. -19. The funds will be used in the immunization sector and the opening of a new company sales office in the UK.

Also, according to the memo, 533 million pounds of the total amount will be invested by India in the United Kingdom, which will create 6,500 new jobs in the country, according to British government calculations. Another £446m was secured in export deals with the Indians. The volume of trade activity between the two countries currently amounts to 23 billion pounds annually.

“Like all aspects of the UK-India relationship, the economic links between our two countries make our people stronger and safer. Each of the 6,500+ jobs we are announcing today will help families and communities recover from the coronavirus,” British Prime Minister Boris Johnson said. strengthening the British and Indian economies.

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