India and Britain on Monday signed agreements on Intellectual Property Rights (IPR) and ease of doing business led by Prime Ministers Narendra Modi and British Prime Minister Theresa May at Hyderabad House, in New Delhi.
Theresa May is in India on a three-day state visit. It is her first foreign visit outside the European Union (EU).
Earlier, on Monday, Modi and May addressed the India-UK Tech Summit. This Summit focuses on higher education.
Speaking at the India-UK Tech Summit, Modi said, “India is now the fastest growing large economy with the most open investment climate. Our innovative entrepreneurs, talented work force and R&D capabilities combined with large markets, demographic dividend and increasing economic competitiveness offer new growth sources for the world economy”.
India has agreed to establish India-UK Clean Energy R&D Centre on solar energy with joint investment of 10 million pounds. A new Anti-Microbial Resistance initiative with joint investment of 15 million pounds is also being launched.