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Modi and Starmer Kick-Start IndiaUK Trade Deal Delivery as £1.3bn Investment Pledged

The visit moves the July trade pact into delivery with a £1.3bn UK investment pledge from Indian firms.

Overview

  • Downing Street said 64 Indian companies will invest £1.3 billion in the UK, announced during Starmer’s 125-strong trade mission to Mumbai.
  • Piyush Goyal and Peter Kyle agreed to reposition JETCO to oversee implementation of the Comprehensive Economic and Trade Agreement and pledged swift, coordinated delivery.
  • Both governments signaled plans to ratify the agreement and bring it into effect within about a year, with Starmer urging action “as quickly as humanly possible.”
  • Modi highlighted new cooperation including UK higher-education expansion in India, saying nine British universities will establish campuses, with three in GIFT City, alongside defence and maritime initiatives.
  • Talks also advanced technology-security cooperation, with Starmer consulting Nandan Nilekani on digital ID, and the leaders engaging business at the CEO Forum and Global Fintech Fest in Mumbai.