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Indian PM Modi meets Britain’s PM May on sidelines of G20 summit

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Updated: 00:00 GMT, Jan 1, 1970 | Published: 07:53 GMT, Sep 5, 2016 |
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Indian Prime Minister Narendra Modi on Monday (September 05) held bilateral talks with United Kingdom Prime Minister Theresa May on the sidelines of the Group of 20 (G20) summit in Hangzhou.

This is May’s first interaction with Modi after becoming the Prime Minister following David Cameron’s resignation in July this year.

Britain’s decision to leave the European Union (EU) at a referendum in June raised big questions about its future trading relationship with the rest of the bloc, which buys about 45 per cent of British exports, and with other economies.

Formal negotiations between Britain and countries such as India and the United States will have to wait for London to settle its future ties with the EU, something that is likely to take years.

Britain was the biggest foreign investor among the G20 nations in India in 2015, while India represents the third largest source of foreign direct investment in Britain, the British business ministry said in a statement.