A group of British defence companies are reportedly planning to boost tie-ups or make new investments in India as they look to diversify their supply chains. The UK seeks to deepen economic, defence and security ties with India.
This comes as the country seeks to build closer links with the Indo-Pacific region, and deeming China as an ‘epoch-defining challenge’ to the world order, as mentioned in a report in Reuters.
UK-India Business Council (UKIBC) Chief Executive Richard McCallum told the agency that a group of 22 British defence companies with collective revenues of about $60 billion is really focussed on doing business with and in India.