SIGNIFICANT: Narendra Modi addresses business leaders at the Guildhall
Britain has signed six deals with India, including a £1.3 billion investment by Vodafone, trade minister Francis Maude said on Thursday (12) during a visit of Indian prime minister Narendra Modi to London.
After a speech to businessmen at the Guildhall in London, in which Modi outlined how much work had been done to make his country more business-friendly, Maude said deals had also been done with Lightsource, a solar voltaic energy generator, Intelligent Energy on clean energy and King’s College Hospital.
“The first agreement I can announce is Vodafone, which has announced further investments in India to a total of £1.3bn,” Maude said. He said the investment covered network expansion and upgrades, and new technology and data centres.
Details of key announcements included King’s College Hospital NHS Foundation Trust and Indo-UK Healthcare Pvt Ltd’s pact to open King’s College Hospital in Chandigarh, which will lead to the creation of jobs for 2500 nurses and 500 doctors.
Genus ABS will be investing £1 million in India, providing the latest dairy genetics and constructing a state-of-the-art facility near Pune in Maharashtra.
Lightsource has announced a £2bn investment in India, while E-commerce cloud platform provider cloudBuy is signing a contract with the Confederation of Indian Industry (CII) for an online business-to-business marketplace.
In an agreement worth £20m, Holland & Barrett International announced they have partnered with Apollo Hospitals, and are to open 1,000 outlets in India over the next five years, creating an expected 1,500 jobs.