The prime ministers of the UK and India are to meet virtually on Tuesday as the two countries agree a trade deal that is set to create more than 6,000 jobs in Britain.
Boris Johnson and Narendra Modi will hold talks after Johnson was forced to cancel his planned visit to Delhi due to the worsening coronavirus situation there.
Downing Street said the package contains more than £533m of new investment from India into the UK, expected to create more than 6,000 jobs in sectors such as health and technology, Press Association reports.
This includes a roughly £240m investment by the Serum Institute of India, supporting clinical trials, research and possibly the manufacturing of vaccines.
Meanwhile, Downing Street said British businesses have secured export deals with India worth more than £446m, which is expected to create more than 400 British jobs.
During the virtual talks, the two leaders are expected to agree an enhanced trade partnership, which Number 10 said will pave the way for a future UK-India free trade agreement.