The India-UK Free Trade Agreement (FTA) is set to unlock major export opportunities for several key Indian sectors, offering zero-duty market access and a level playing field in the UK's large and diverse import market.
India's leather and footwear exports to the UK could exceed USD 900 million, marking a major leap forward for the sector. This growth is expected as the India-UK Free Trade Agreement (FTA) opens up new opportunities for small artisans and businesses across the country.
The bilateral meeting took place at the historic Hawtry Room, where the two leaders held a one-on-one discussion to finalise the contours of what is being described as India's most comprehensive trade pact and the UK's most significant post-Brexit deal.
Bharatiya Janata Party spokesperson CR Kesavan on Thursday stated that the yet-to-be-signed India-United Kingdom Free Trade Agreement (FTA) marks a pivotal moment, providing Indian businesses, particularly SMEs, with a substantial competitive edge in the UK market.
British Prime Minister Keir Starmer will host Prime Minister Narendra Modi in the UK on Thursday to sign the landmark UK-India trade deal, which will boost bilateral trade by £25.5bn every year, as per an official statement from the British High Commission.
Congress leader Jairam Ramesh on Thursday criticised the Modi government ahead of the signing of the India-UK Free Trade Agreement (FTA), emphasising that what India truly needs from the UK is a more effective Fugitive Transfer Agreement.
Indian stock markets opened flat on Thursday, anticipating investor sentiments to turn positive with India and the UK formalizing the Free Trade Agreement (FTA) later in the day.
Prime Minister Narendra Modi thanked the Indian community in the UK for their warm welcome during his visit, calling their support and dedication to India's progress "truly heartening" in a post on X.
Members of the Indian diaspora in the UK expressed excitement ahead of PM Modi's visit, calling him a visionary leader. Many look forward to stronger India-UK ties, especially in trade. Families across London welcomed the opportunity to meet him and praised his global and spiritual leadershi
"Leaving for the UK, a country with which our Comprehensive Strategic Partnership has achieved significant momentum in the last few years. I look forward to my talks with PM Keir Starmer and my meeting with His Majesty King Charles III," Modi said in a post on X after his departure.
The highlight of PM Modi's visit will be the signing of the India-UK FTA, which has been under negotiation for three years. This agreement is expected to eliminate tariffs on 99% of Indian exports to the UK and reduce tariffs on 90% of British products.
The highlight of PM Modi's visit will be the signing of the India-UK FTA, which has been under negotiation for three years. This agreement is expected to eliminate tariffs on 99% of Indian exports to the UK and reduce tariffs on 90% of British products.