Osborne in India to open business opportunities

Later today George Osborne and William Hague will meet the new Indian prime minister, Narendra Modi, with the hope that he will agree to a communique on strengthening and deepening commercial relations between India and Britain.

The mission, for the senior British politicians, is to strike a series of multimillion pound Defence and Infrastructure deals. The visit presents a good opportunity for Britain to take advantage of the possible collapse of a deal involving India buying 126 Rafale fighters from France. If this does collapse London will, most probably, move swiftly to make a deal involving their Eurofighter Typhoon jets.

In a joint editorial in the Times of India, Hague and Osborne said they want to expand military exports to India. “We want our defence and aerospace companies to help bring India more cutting-edge technology, skills and jobs,” they wrote.

Other possible options which Osborne seeks in India are: £1 billion pounds investment by Diageo into India distillery, United Spirits, and British firms helping to develop new urban centres along 1000km corridor between Bangalore and Mumbai.