Trade and investment dominated the first contact between Britain’s new Prime Minister Theresa May and Prime Minister Narendra Modi when they discussed Indo-UK relations on the phone on Tuesday, official sources in London said.
“Trade and investment featured strongly in the conversation with Prime Minister Modi who expressed his hope that the relationship would become even stronger and closer in the future, particularly given the shared values and common interest,” said a spokesperson at 10, Downing Street.
May pointed out that the launch next month of the first rupee-denominated bond in London was a concrete example of close and growing economic cooperation and underlined that the city remains a global hub for innovative finance, the spokesperson added.
The initiative for raising funds in London for India's infrastructure development was taken during Modi's visit to London in November 2015.
“The Prime Minister also emphasised the UK’s continued commitment to our defence and security partnership and support for India’s increasing role in international fora. Finally, both welcomed the valuable contribution of the Indian diaspora to the UK”, the spokesperson said.
May’s phone conversations with world leaders on Tuesday included one with Pakistan Prime Minister Nawaz Sharif, in which she reaffirmed Britain’s commitment to support Pakistan’s democratic development.