India and the UK have announced deals worth 9-billion pounds as they signed a civil nuclear pact and decided to collaborate in the field of defence and cyber security besides launching a railway rupee bond.British Prime Minister David Cameron described the relations between the two sides as a “new dynamic modern partnership” and reiterated his country’s support for India’s permanent membership of the UN Security Council. The UK ranks 18th in the list of India’s top 25 trading partners and two-way trade in 2014-15 stood at $14.34 billion. The UK is the third largest inward investor in India, after Mauritius and Singapore, with a cumulative equity investment of $22.26 billion between 2000-2015.
India, UK Announce Deals Worth 9 Billion Pounds
