Theresa May in India: London to invest £120 million in New Delhi's infrastructure

Britain Prime Minister Theresa May and India's Prime Minister Narendra Modi addressed the media jointly on Monday and lauded the deep economic and strategic ties between the two nations.

Modi welcomed May and told her that he was honoured that she chose India for her first bilateral visit since taking office in July, 2016. He referred to Diwali and said that last week was a period of great festivities in India and May's visit has given both nations a reason to celebrate the vibrant ties of the two nations. He underlined the common areas of concern for India and Britain — widespread economic engagement, a vision for a peaceful and prosperous world.

In their extensive discussion, both the leaders looked at the full range of their partnership.

Modi called science and technology a vibrant and a fast growing space which is an area of tremendous potential and promise. The meeting of India-UK CEO forum would help both the nations to deepen ties, Modi said.

The Joint Economic and Trade Committee, he said, will take forward the trade agenda. The leaders have also agreed to form a joint working group on trade. Modi also invited British companies to partner with Indian companies and look at multiple opportunities in the defence sector. Beyond that, he also invited invited British companies to build partnership with Indian enterprise.

The leaders also talked about security of cyber space. He welcomed the growing cooperation between the nations in this field.

On the issue of terrorism, they agreed that it is not a limited security challenge but surpasses borders and affects entire humanity. Modi also conveyed his concern regarding cross-border terrorism to May.

The leaders also signed two Memorandums of Understanding on ease of doing business and on for cooperation and exchange of intellectual property. On the question of ease of doing business, both leaders agreed that important areas of cooperation should include support to businesses and startups, tax administration, regulatory regimes, competition economics.

May said that both the leaders are deeply dedicated to invest in UK-India relationship. She said that she chose India for her first bilateral visit because this relationship matters more than ever. She also expressed Britain's support for a permanent seat for India at the United Nations Security Council.

Britain has committed to invest £120 million (149 million) in India's infrastructure. Both the countries face the shared threat of terrorism, she said.

In terms of cyber security, Modi and May decided to step up their cooperation by negotiating a cyber framework. As UK leaves the EU and India continues its rise in the world, we should seize these opportunities, she said.

Britain also offered the Registered Traveller Scheme to India. May said: "So we will offer, for the first time to any country that needs visas to enter Britain, what we called 'Registered Traveller Scheme'."

"That means the Indian nationals who frequently come to the UK and to fuel growth in both our countries , the entry process will become significantly easier," she said

Updated Date: Nov 07, 2016 19:49 PM

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