𝓤𝓷𝓲𝓽𝓮𝓭 𝓝𝓮𝔀𝓼

Nearly 7,000 jobs in the UK will be created as a result of more than £1billion of investment in Britain by Indian firms. The UK’s giant trade deal with India was agreed three months ago and a raft of deals have been signed and sealed during an epic investment and sales-winning mission in Dubai.

Sixty-four investors are pumping £1.3billion into dynamic British businesses, spurring hopes in Downing Street the country will escape the era of flatlining growth.

Examples include TVS Motor Company putting £250million into Solihull-based Norton Motorcycles to expand its operations and develop “next-generation electric vehicles”. Three hundred new jobs are expected as a result of the cash.

Sudarshan Venu, chairman of TVS said Norton was now “poised to open a new chapter of resurgence and global expansion”.

Meanwhile, NeoCeltic Global is investing £5million to deliver advanced orthopaedic and rehabilitation solutions, creating 85 jobs across London and Cardiff.

Chandan Jerry, the company’s director, described the “We aim to drive economic growth, create new entrepreneurial opportunities, and improve human life, setting new standards in the industry.”

Prime Minister Sir Keir Starmer welcomed the investments, saying: “Nearly 7,000 new jobs spread across every region of our country will mean more opportunities, more innovation, and make working people better off.”

Sir Keir will meet with Indian Prime Minister Narendra Modi in Mumbai today [Thursday] to commit to broadening the UK-India relationship.

Shevaun Haviland, the director-general of the British Chambers of Commerce, said that while business confidence was “fragile” events such as the trade mission to India were “crucial” to helping growth.

Business and Trade Secretary Peter Kyle said: “India is now the fourth-biggest economy in the world, and by investing billions of pounds to back thousands of jobs from sectors as diverse as AI, education, and financial services shows the scale of opportunity this presents for British businesses. Their success in India will only grow as our new trade deal galvanises economic partnership, brings our two countries even closer together, and ultimately delivers economic growth right across the UK.”

The investments will result in funding for 26 artificial intelligence companies, one semiconductor outfit, and one biotechnology company.