The United Kingdom and India continue to strengthen their economic and trade partnership, with over GBP 100 million in fresh investments from Indian companies set to create hundreds of jobs in the UK over the next three years. The recent developments highlight a deepening economic relationship, spanning multiple sectors and fostering bilateral trade growth.

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Key Developments in UK-India Investments

1. Major Indian Investments in the UK

Indian businesses are actively investing in the UK, particularly in artificial intelligence (AI), professional services, and textiles. Notable investments include:

• Aaseya Technologies – GBP 25 million for digital transformation.
• Sastra Robotics – GBP 8 million in robotics development in Manchester.
• University Living – GBP 10 million to establish a UK office.
• Test Yantra – GBP 10 million in testing and training services.

2. Insurance Sector Opportunities

• The UK insurance industry stands to gain from India’s increased foreign direct investment (FDI) cap, which was raised from 74% to 100%, opening new opportunities for British insurers.

3. Free Trade Agreement (FTA) Negotiations

• UK Business and Trade Secretary Jonathan Reynolds recently visited New Delhi for discussions with Indian Minister Piyush Goyal regarding the ongoing FTA negotiations.
• The UK aims to build a more ambitious trade partnership, leveraging India’s projected economic growth and potential as a major importer by 2035.

4. UK Businesses Expanding in India

• British companies such as Radio Design and Marcus Evans Group are expanding their presence in India, enhancing two-way investment flows and trade opportunities.

5. Growth in Bilateral Trade

• In the past year, UK businesses exported GBP 17 billion in goods and services to India.
• Indian foreign direct investment (FDI) into the UK grew by 28% by the end of 2023, reflecting increased investor confidence and collaboration.

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Key Data Summary

Category	Details
Total Indian Investments in the UK	Over GBP 100 million
Job Creation	Hundreds of jobs over the next three years
Key Sectors	AI, professional services, textiles
Notable Indian Investments	Aaseya (GBP 25M), Sastra Robotics (GBP 8M), University Living (GBP 10M), Test Yantra (GBP 10M)
India’s FDI Cap in Insurance	Increased from 74% to 100%, benefiting UK insurers
FTA Negotiations	UK Trade Secretary Jonathan Reynolds met with India’s Minister Piyush Goyal
UK Export Growth	GBP 17 billion in goods and services to India
Indian FDI Growth into UK	Increased by 28% (by end of 2023)
UK Companies Expanding in India	Radio Design, Marcus Evans Group
Future Trade Goals	Strengthen trade collaboration, capitalize on India’s economic growth by 2035

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Conclusion

The UK and India’s economic ties continue to strengthen, driven by significant investments, policy reforms, and trade negotiations. As India emerges as a global economic powerhouse, bilateral trade and investment opportunities are expected to further expand, benefiting businesses and economies on both sides.