SERUM INSTITUTE OF INDIA SET TO INVEST 240 MILLION POUND IN U.K.

Ahead of the U.K. India bilateral summit, Prime Minister Boris Johnson has announced 1 billion pound investment deals by Indian companies that will create 6,500 jobs in the U.K. The biggest in the investment deals by the Serum Institute of India amounting to 240 million pound.
The investment by the SII is aimed at the fire’s vaccine business in the U.K. and a new sales office is expected to generate new business worth over $1 billion, 200 pound million of which will be invested in the U.K. Serum’s investment will support clinical trials, research and development and possibly manufacturing of vaccines, said the official statement. As part of its plans, SII has already started phase one trials in the U.K. of a one does nasal vaccine for coronavirus, in partnership with Codagenix INC. Other prominent investment deals announcedinclude ones with Infosys, Mphasis , Wipro, and Goila Butter Chicken, which will invest 3 Pound Million.

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