ENA Global 2025-02-27 14:13:18 <p><span style="font-size:14px"><strong>New Delhi, Feb 27 (KNN)</strong> The UK announced 17 new trade and investment deals during Trade Secretary Jonathan Reynolds and Investment Minister Poppy Gustafssons visits to India this week.</span></p> <p><span style="font-size:14px">These agreements underscore the strengthening economic ties between the two nations.</span></p> <p><span style="font-size:14px">The UK government highlighted that Indias latest Union budget has created additional opportunities for British insurance firms.</span></p> <p><span style="font-size:14px">The recent increase in foreign direct investment (FDI) limits in Indias insurance sector&mdash;from 74 per cent to 100 per cent&mdash;has provided British companies with a greater potential to expand in the country.</span></p> <p><span style="font-size:14px">In addition to insurance, the UK, home to the worlds third-largest technology economy, is seeing an increased presence of its tech firms in India. Several UK technology companies have announced plans to expand in India, further accelerating their global growth.</span></p> <p><span style="font-size:14px">Although specific details of the new trade and investment deals have not been disclosed, Reynolds emphasised the importance of technology and life sciences in fostering UKs economic growth.</span></p> <p><span style="font-size:14px">He noted that these agreements, supported by the UK government, will contribute tens of millions of pounds to the economy.</span></p> <p><span style="font-size:14px">Currently, over 950 Indian-owned companies operate in the UK, while more than 650 UK firms have established their presence in India. Together, these businesses support over 600,000 jobs across both economies.</span></p> <p><span style="font-size:14px">Recent Indian investments in the UK, valued at over &pound;100 million, are expected to generate hundreds of new jobs in AI, professional services, and textiles over the next three years.</span></p> <p><span style="font-size:14px">Minister Gustafsson hailed these investments as a testament to the UKs attractiveness as a business destination, reinforcing its commitment to fostering global trade relations.</span></p> <p><span style="font-size:14px">Both countries have also relaunched negotiations on a Free Trade Agreement, aiming to boost job creation and economic growth in both markets.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41213 https://knnindia.co.in/news/newsdetails/global/uk-announces-17-new-trade-and-investment-deals-with-india 2025-02-27 14:13:18 knnindia.co.in