LONDON: The UK’s Minister for Investment Lord Jo Johnson on Wednesday embarked on a visit to India to strengthen the bilateral investment partnership across technology and life sciences sectors and build momentum behind ongoing trade talks.
After arriving in Bengaluru, Johnson is set to visit Pune to meet investors and leading Indian businesses, including Infosys and Zensar, to drum up investor interest in the UK, the Department for Business and Trade (DBT) said.
The visit coincides with Round 9 of negotiations this week between officials working on the UK-India free trade agreement (FTA).
“It is fantastic to be in India again visiting the vibrant cities of Pune and Bengaluru to find out how our strong cultural and economic ties mean investors and business leaders continue to choose the UK,” said Johnson.
He visited Mumbai and New Delhi in October last year when he met with investors and businesses including Apollo Hospitals, Prodapt and Wockhardt.
“From life sciences to AI [artificial intelligence], now is the time to invest in the UK as we are determined to be the undisputed number one investment destination in Europe,” he said.
On the eve of the ministerial visit, the DBT described India as a “priority market” for the UK with Johnson’s visit seen as helping to build momentum behind the ongoing FTA negotiations between the two countries.