LONDON, NOV 13
Prime Minister Narendra Modi's visit here has seen $14 billion worth of business deals inked by enterprises of the sides, including a $4.4-billion investment by Britain's OPG Power Ventures to add 4,200 MW capacity of new electricity generation in Tamil Nadu over the next few years.
Among the two-dozen pacts and investment commitments acknowledged by Prime Ministers Narendra Modi and David Cameron was one by Merlin Entertainment to open the famed Madame Tussauds wax museum in New Delhi by early-2017 and another by Vodafone to invest $1.4 billion to support the Government of India's "Digital India" and "Make in India" initiatives.
This apart, the largest Solar power generator in Europe, Lightsource, said it was investing a little over $3 billion in India to design, install and manage around 3 GW of solar power infrastructure in India over the next five years in partnerships with Indian companies, led by Srei Infrastructure.
"Prime Ministers Cameron and Modi noted the deep and fruitful business relationship between the UK and India and welcomed the 9.2 billion pounds ($14 billion) of commercial deals between the UK and India announced during the visit," said a joint statement issued by the two sides after the official talks.
Other major deals announced late on Thursday included:
- Standard Life, Bupa and Aviva to invest a combined total of $365 million in their Indian joint ventures
- Standard Life, Bupa and Aviva to invest a combined total of $365 million in their Indian joint ventures
