Prime Minister Narendra Modi and his British counterpart Theresa May during bilateral talks at reflected on the progress made on defence and security cooperation, especially the Defence Capability Partnerships in key strategic areas, according to a Downing Street spokesperson.
Both agreed to continue working together closely to combat terrorism, radicalisation and online extremism. May updated Modi on the progress of the UK’s withdrawal from the EU, saying the implementation period agreed in March gives Indian companies and investors the confidence that market access will continue on current terms until the end of 2020.
She reiterated that the UK will remain committed to global free trade and investment and that the UK will remain a leading hub for global finance. Modi said there would be no dilution in the importance of the UK to India post-Brexit. He said the City of London was of great importance to India for accessing the global markets and would remain so.
The two leaders said trade between the UK and India had grown strongly over the last year and Modi said that Brexit offers opportunities to further increase trade ties. The Prime Ministers welcomed the £1 billion of commercial deals.
They agreed to build on the recommendations of the UK-India Joint Trade Review to reduce barriers to trade, to make it easier to do business in both countries and enable a stronger bilateral trade relationship for the future.