Nuclear energy and defence sectors are also likely to come up in the discussions during the visit. PM Modi is set to land in UK on a three-day visit next week.
Foreign Secretary Philip Hammond has termed India-UK relationship as mature.
"There will be a package of deliverables announced while the Prime Minister is here next week. I suspect that because our relationship is in a sense more mature than some other relationships we have there, it may be that there are rather a lot of medium-sized projects rather than one big iconic project," he said, reported NDTV.
Many commercial and private sector deals rather than government to government deals will be signed during the visit.
"Make in India aspect of the Hawk trainers will be on the cards," said he.
"Prime Minister Modi's policy approach of seeking to open India up very much facilitates some of the things we would like to do," Hammond said.