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India, UK announce deals worth 9-billion poiunds

by IBNS 12 Nov 2015, 11:05 pm

London, Nov 13 (IBNS) India and the UK on Friday entered into deals worth 9-billion pounds as they signed a civil nuclear pact.

Both the countries also  decided to collaborate in the field of defence and cyber security besides launching a railway rupee bond.

British Prime Minister David Cameron described the relations between the two sides as a "new dynamic modern partnership". He pledged his country's support for India's permanent membership of the UN Security Council.

Prime Minister Modi said India has plans to use London as a financial base for fundraising."We are going to use the London market for fundraising even more and I am happy to announced that we are set to launch a railway rupee bond in London. It is appropriate as the journey of Indian Railways started in the UK," he said.

Modi has been on a three-day visit to the UK. He  was accorded a guard of honour by the 48-member F Company Scots guard accompanied by the regimental band of Irish guards.