Britain’s Foreign Secretary Elizabeth Truss said on Saturday that her country and India believe in freedom and democracy and can make the world safe and prosperous.
She was speaking at a reception held here on the HMS Defender, where industrialists from Britain and India met.
“Countries like Britain and India believe in freedom and democracy and can make the world safe and prosperous. This is also the mission of the UK and India,” he said, adding that the two countries were working on a new trade deal in the areas of economy, defence, trade and climate.
“India is the second largest investor in the UK and I would like to see more UK investments in India. The UK has the third largest number of unicorns while India has the third largest number of start ups. If we bring our resources and assets together So there is much more we can do. I met the Indian Finance Minister and the External Affairs Minister and talked about how to deepen our partnership in areas like technology,” she said.
UK-India economic ties are already strong, with bilateral trade worth over £18bn in 2020, supporting nearly half a million jobs in each other’s economies, said an official in the British High Commissioner’s media department.
The official said the prime ministers of the two countries have set a target of doubling the value of UK-India trade by 2030, and have also announced their shared intention to begin negotiations on a comprehensive free trade agreement (FTA) by the end of this . Year.
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