The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and the UK India Business Council (UKIBC) have jointly signed a new bilateral agreement at the ASSOCHAM Global Investors’ India Forum in London.

The intention of the agreement is to further strengthen UK-India trade and investment corridors, and establish a stronger relationship between interested investors and companies. It supports Indian Prime Minister Narenda Modi’s “Make in India” programme and was signed in partnership with UK Trade and Investment.

The UK is currently the fourth largest foreign direct investment (FDI) contributor to India. This fact was revealed in the report “Make in India – Pressing the Pedal” released by ASSOCHAM at the event.

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