David Cameron: UK, Indian Companies To Sign Deals Worth Over £9 Billion

12/11/2015 10:14 PM IST | Updated 15/07/2016 8:25 AM IST
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LONDON, UNITED KINGDOM - NOVEMBER 12: Prime Minister David Cameron and India's Prime Minister Narendra Modi chat after paying a visit to the statue of Mahatma Ghandi in Parliament Square during an official three day visit on November 12, 2015 in London, England. In his first trip to Britain as Prime Minister Modi's visit will aim to develop economic ties between the two countries. In a busy schedule he is due to speak at Wembley Stadium, lunch with the Queen at Buckingham Palace, address Parliament and stay overnight at Chequers. (Photo by Peter Nicholls - WPA Pool/Getty Images)

British and Indian companies are due to sign collaborations worth more than 9 billion pounds ($13.7 billion) during Prime Minister Narendra Modi's visit to London, his British counterpart said on Thursday.

Speaking at a news conference, Prime Minister David Cameron said London wanted to support Modi in his vision to transform India with improved infrastructure and education.

"We want to become your number one partner for supporting the finance needed for (Modi's) ambitious plan, making London the world's centre for offshore rupee trading," he said, adding: "we're getting that started with plans already in place today to issue over 1 billion pounds in bonds right here in London".

"During this visit British and Indian companies are announcing new collaborations together worth more than 9 billion pounds," Cameron said.

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