"Removing barriers to trade is a key way in which the UK can capitalise on the predicted growth in world markets and so I&China Car Wheel Hub Assembly Company39;m delighted we have come to this new trade partnership with India," said Liam Fox, UK international trade secretary. The UK announced the creation of a UK-India Tech Hub based in the British High Commission in New Delhi.

The UK and India will take forward a dialogue under the Joint Working Group on Trade, which will support a shared commitment to the global rules-based system and to the WTO's role in underpinning it. UK exports to India, led by innovative machinery and mechanical appliances, form a large part of this trade basket, increasing significantly by 14. Additionally, the two countries have also agreed to strengthen ties between their respective agriculture industries," the DIT statement said. In the area of regulation of safe nuclear energy use for peaceful purposes, an arrangement has been arrived at between Atomic Energy Regulatory Board of India (AERB) and the Office for Nuclear Regulation of Great Britain (ONR)."The visit of Prime Minister Modi will see the launch of a package of technical assistance to help India climb further up the rankings for ease of doing business, benefitting UK companies and the Indian economy alike.

The new partnership will seek to improve the accessibility of trade for businesses in both countries, as the UK gets ready to leave the European Union (EU)."It is clear that the opportunities for growth in trade with India are plenty, and as an international economic department we will continue to use tools such as trade missions not only to boost UK exports, but also to help businesses of all sizes forge ties and build cultivate relationships with potential buyers and investors," he said. The UK and India announced a mechanism to support Indian investments into the UK.The British government yesterday announced a new India-UK trade partnership after Prime Minister Modi held talks with his British counterpart Theresa May.The two nations said that this commitment will ensure continued application to the UK of EU-India Agreements during the Implementation Period following the UK's departure from the EU, and put in place arrangements to replicate relevant EU-India agreements beyond this period.

9 per cent.London: India will invest more than 1 billion pounds in the UK that will create or safeguard 5,750 British jobs, as part of a new partnership forged during Prime Minister Narendra Modi's visit as the two sides # signed a wide range of MoUs, agreements and initiatives across technology, trade and investment.The UK also intends to recruit a British cyber security industry expert to be based at the high commission in New Delhi, with a remit to share British expertise and connecting Indian private and public sector organisations with cutting- edge UK companies who can supply their specific requirements..The UK's Department for International Trade (DIT) said a range of new Indian investments worth more than 1 billion pounds will create or safeguard 5,750 British jobs for the economy as part of the new partnership, which builds on the recommendations of the Joint Trade Review (JTR) between the two countries which concluded earlier this year.Recognising the increased threat posed by international criminality because of its increasingly complex nature and the threat posed by organised crime, an MoU on 'Exchange of Information for the Purposes of Combating International Criminality and Tackling Serious Organised Crime' has been signed.According to DIT figures, total trade in goods and services between the UK and India was 18 billion pounds in 2017, a 15 per cent increase from 2016.The Tech Hub will include a network of people and programmes designed to facilitate ideas, investment and prosperity for India and the UK.The UK has announced setting up a Fast Track Mechanism to identify and resolve specific issues faced by Indian companies who are either in the UK or looking to establish operations in the UK.Meanwhile, the National Association of Software and Services Companies (NASSCOM) and techUK have set up the UK – India Tech Alliance, which will facilitate collaboration on building future skills in new technologies by nurturing a solid skills base in the UK and India, with the support of both the governments. The UK signed the Framework Agreement of the International Solar Alliance and became the 62nd signatory member country. Focusing on the three key sectors of life sciences, information technology (IT) and food and drink, the partnership will seek to reduce barriers to trade with an eye on Brexit.The UK and India also announced the Technology Summit II, which will be held in autumn 2018 to bring together the greatest UK and Indian tech innovators, scientists, entrepreneurs and policy makers to work together to scope and design solutions to challenges including the governance of future tech.On rejuvenation of River Ganga, an MoU has been signed between National Mission for Clean Ganga (NMCG) and Natural Environmental Research Council (NERC), UK.India and the UK have also agreed to an overarching cyber-relationship framework that among others enables the development of a common and shared understanding of international cyber activity and discuss and share strategies to promote user confidence in the security of Information and communication technology (ICT) products and services

"This could be a boon for the telecom industry and guide telغير مجاز مي باشد to move to next-gen networks efficiently and effectively..Jaspreet Singh of EY said the plan to launch a national programme for cyberspace can act as a much-needed catalyst in this area and address the considerable need for R&D investments to upgrade cyber capabilities and develop new technologies that can be leveraged for the future."

Hemant Joshi of Deloitte said the setting up of 5G center in collaboration with IIT Madras would help the country become an early adopter of the next generation technology rather than being a laggard.The budget proposal to double the allocation to Digital India initiative to Rs 3,073 crore is a fine booster to transform the digital economy, he said. This could also work on development of the Internet of Things and machine to machine applications which are relevant and best suited for us," he said.Further, the focus on promoting 3DACF026F-1CS machine learning and artificial intelligence is a positive move, which will accelerate the country's position as a global hub for technological capabilities."She further said the focus on AI and blockchain technologies promises to "make the country go not only digital but further deep tech.

These proposals show that government has recognised the contribution made by angel investors and venture capital funds, he added.With over 1 billion mobile phone users and the massive burst of digital transformation, the reasons behind increased number of hacks are manifold.The Budget also puts spotlight on cyber technologies, and focuses on creating centres of excellence for emerging technologies, AI, machine learning, IoT, big data and blockchain."Focus on digital technologies as the biggest driver in improving quality of education, healthcare and rural sector is praiseworthy. The plan on universal healthcare is ambitious and can be transformational," Saurabh Srivastava, co-founder and director, Indian Angel Network, and co-founder of Nasscom has said.Padmaja Ruparel, co-founder and president, Indian Angel Network said, "the Budget has given a big leg-up to startups, angel investors and VC community and committed itself to build a more enabling eغير مجاز مي باشدystem, simplify regulatory regime and encourage funding in seed and early stage.

Mumbai: Industry experts have lauded the budget proposal to boost technological advancements through digital initiatives saying this can be the biggest driver for job creation, to improve the quality of education, healthcare and rural progress.The plan to rollout 5 lakh Wi-Fi hotspots with a budget allocation of Rs 10,000 crore is a great move to improve rural connectivity and thus bring them under the ambit of applications and services rolled out under the Digital India initiative. In addition, the move to dispel the ambiguity around the use of cryptocurrencies will help to contain cybercrime and cyber terrorism," Sivarama Krishnan of PwC said."The proposed centres of excellence will be a key step in building solutions which embed security by design and privacy by design."

The budget proposal to boost research in AI/robotics is a huge boost as it will accelerate our journey to being seen as global hub of technological capabilities and help us churn out futuristic technologies in machine learning, cognitive, robotics and process automation," Milan Sheth of EY India said