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Market: PMs talked business prospects in London

Fiinews by Fiinews
July 25, 2025
in Markets
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A group photo celebrating PM Modi visit to UK with PM Keir Starmer.

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Six UK universities working to open campuses in India

Prime Minister Narendra Modi visited the United Kingdom 23-24 July and and held a one-on-one meetig with Prime Minister Keir Starmer as well as delegation level talks in London. The two leaders welcomed signing of the historic India-UK Comprehensive Economic and Trade Agreement (CETA) which will raise the Comprehensive Strategic Partnership to a new level, while significantly enhancing bilateral trade, investment, economic collaborations and job creation in both economies https://www.commerce.gov.in/.

Noting the growing collaboration in the fields of capital markets and financial services, Prime Minister Modi underlined that the two sides could work to promote greater interaction between GIFT City in Gujarat, India’s first international financial services centre, and UK’s vibrant financial ecosystem.

Prime Minister Modi also called on His Majesty King Charles III at Sandringham Estate, the summer residence of His Majesty. PM Modi invited His Majesty to pay a State Visit to India https://www.bseindia.com/.

The PM Modi apprised His Majesty of the progress made by India in the renewable energy sector to promote sustainable development. They also discussed ways to collaborate and promote their shared vision regarding climate change and sustainability https://www.nseindia.com/.

The PMO gave details of talks, meetings and discussions between India-UK leaders and delegations http://ukibc.com.

The two leaders reviewed the entire gamut of the bilateral relationship and adopted the India-UK Vision 2035. The Vision 2035 document will infuse greater ambition and renewed momentum in the Comprehensive Strategic Partnership by steering the relationship for the next ten years in key areas of economy and growth, technology, innovation, research and education, defence and security, climate action, health and people-to-people ties https://fieo.org/.

The two leaders also welcomed the finalization of a Defence Industrial Roadmap to promote collaboration in co-design, co-development and co-production of defence products to meet the growing demand in both countries as well as for the world market. Welcoming the regular engagement of armed forces of the two countries, they expressed satisfaction at the deepening defence and security partnership https://sbi.com.in/.

The two leaders expressed satisfaction at the growing collaboration in new and emerging technologies and called for accelerated implementation of the Technology and Security Initiative (TSI), which focuses on telecom, critical minerals, AI, biotechnology and health technology, semiconductors, advanced materials and quantum. The TSI completed one year today.

The two Prime Ministers also welcomed the growing partnership between India and the UK in the education sector, with six UK universities working to open campuses in India under the New Education Policy (NEP). Southampton University which opened its campus in Gurugram on 16 June 2025, is the first foreign university to open its campus in India under the NEP https://www.makeinindia.com/home/.

Both sides acknowledged the valuable contribution of the Indian diaspora in the UK in the areas of academia, arts, literature, medicine, science, sports, business and politics. They agreed that this living bridge is a key pillar of the growth and development of India-UK relations.

The following documents were signed/adopted by the two sides during the PM visit:

● Comprehensive Economic and Trade Agreement;

● India-UK Vision 2035;

● Defence Industrial Roadmap;

● Statement on Technology and Security Initiative;

● MoU between Central Bureau of Investigation, India and National Crime Agency of UK. Fiinews.com

Tags: PMO India
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