Page 3 - India Uk Relation

India's auto duty offer under UK FTA linked to engine, vehicle price quotas

India's duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is "very nuanced" with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, the import duty will be reduced over 10-15 years, the official said. "The duty cut and quota depends on engine capacity and price of vehicles. A lot of nuances are there in the auto sector. India's offer to the UK is very nuanced," the official added. India and the UK, on May 6, announced the conclusion of negotiations for the trade pact that will lower tariffs on 99 per cent of Indian exports and would make it easier for British firms to export whisky, cars and other products to India, besides boosting the overall trade basket. The aim is to double the two-way commerce by 2030 from the present USD 60 billion. Tariffs on automotive imports will b

Diageo to cut Scotch prices in India as UK FTA halves import duties

Duties on UK-made whisky and gin will drop from 150% to 75%, and then to 40% over 10 years under India-UK Free Trade Agreement; Diageo to pass on savings

Indian distillers expect India-UK FTA duty cuts on scotch to boost growth

Indian premium whisky distillers expect that the duty concessions on Scotch imports under the India-UK free trade agreement will help improve their margins and speed up growth. A lower customs duty on bulk Scotch, used by many Indian Made Foreign Liquor (IMFL) companies for blending, will reduce costs and make premium spirits more affordable in the Indian market, which is the world's largest for whisky, they added. Under the trade pact, announced earlier this month, India will reduce duties on UK whisky and gin from 150 per cent to 75 per cent, and further to 40 per cent by the tenth year. Home-grown players like Radico Khaitan, Allied Blenders & Distillers (ABD), and John Distilleries said the move will give Indian consumers more choices and better access to high-quality spirits. Radico Khaitan, the largest importer of Scotch whisky for blending and which owns award-winning single malt 'Rampur' and Jaisalmer Indian Craft Gin, said the FTA has "significant potential" for cost ...

India-UK trade deal may cushion blow of UK visa curbs on students: Experts

UK has long been seen as a top choice of Indian students due to its post-study work opportunities, prestigious universities, and clear education-to-employment pathways

UK unveils historic US trade deal at Tata Motors' Jaguar Land Rover factory

Days after confirming a landmark Free Trade Agreement (FTA) with India, British Prime Minister Keir Starmer on Thursday chose a Tata Motors-owned Jaguar Land Rover (JLR) factory in northern England to announce a historic trade deal with the US. Following a phone call with President Donald Trump, Starmer addressed JLR workers in Solihull to highlight the "big win" for the automotive industry as a result of car export tariffs being cut from 27.5 per cent to 10 per cent. This will apply to a quota of 100,000 UK cars, almost the total number Britain exported last year. We are the first country to secure such a deal with the United States and in an era with global insecurity and instability that is so important, said Starmer. We are sending a message to the world that Britain is open for business, striking trade agreements with India on Tuesday, with the US today and working to boost trade with other partners too, including of course the EU (European Union) with whom we have a really ..

Double contribution deal won't spur a spike in Indian IT workers sent to UK

Despite tax savings from UK-India FTA's social security waiver, analysts say high costs and limited incentives may not significantly boost Indian IT deployments to the UK

India-UK trade deal signals that globalisation momentum remains strong

This agreement clearly reflects the importance of political momentum and compromise

UK trade deal likely to serve as model for India's FTAs with EU, US

The long-pending deal with the UK was finalised on Tuesday

India grants UK access to £38 bn Indian procurement market under FTA

India grants legally guaranteed access to UK firms for 40,000 tenders annually under FTA, offering preferential status in government procurement

India's meat, shrimp exporters hope for new markets with India-UK FTA

Indian exporters expect a rise in meat, shrimp, and spirits demand in the UK as tariff removal under the Free Trade Agreement opens access to South-East Asian diaspora

India-UK FTA: Automobile stocks up after the signing of trade deal

The auto-component industry which exports around $757 mn worth of parts to that country may benefit from the trade deal

UK dismisses idea that British workers being 'sold out' in India trade deal

British opposition parties accused the government of signing up to a deal that would unfairly benefit India

Calling Indian chefs, coders, yoga teachers-UK just got easier to work in

More job sectors are open to skilled workers, but you need to prove you're qualified for them.

India-UK pacts will deepen comprehensive strategic ties, says PM Modi

". These landmark agreements will further deepen our Comprehensive Strategic Partnership, and catalyse trade, investment, growth..." PM Modi said

British Indian minister Lisa Nandy clinches India-UK cultural pact in Delhi

Britain's Secretary of State for Culture, Media and Sport Lisa Nandy, who is leading a delegation from the UK to India this week, signed a major new cultural cooperation agreement with Minister for Culture and Tourism Gajendra Singh Shekhawat in New Delhi on Friday. In the arts and creative industries, Britain and India lead the world and I look forward to this agreement opening up fresh opportunities for collaboration, innovation and economic growth for our artists, cultural institutions and creative businesses, Nandy was quoted as saying in a press release by the UK's Department for Culture, Media and Sport (DCMS). The UK-India Programme of Cultural Cooperation is aimed at enhancing two-way cultural exchanges through the arts and heritage and encouraging long-term partnerships between creative businesses and cultural institutions in both countries. It will include the UK working with India to support best practices and expertise on heritage conservation, museum management and ...

Piyush Goyal meets UK Foreign Secretary David Lammy in London

Goyal also addressed a gathering, alongside UK Secretary of State for Business and Trade Jonathan Reynolds, and spoke about the bright future ahead for the India-UK partnership

Last-mile hurdles keep India-UK FTA elusive despite intense talks

The development follows Commerce and Industry Minister Piyush Goyal's visit to London, where he was on a two-day trip starting Monday

'Eagerness' on both sides to conclude India-UK FTA: FM Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday wrapped up the 13th Ministerial India-UK Economic and Financial Dialogue (EFD) with her British counterpart, Chancellor Rachel Reeves, on a note of positivity and eagerness to conclude the bilateral Free Trade Agreement (FTA) negotiations soon. The annual dialogue, held at the London Stock Exchange, covered a broad range of issues which the UK Treasury said resulted in a GBP 400 million of trade and investment boost involving Indian firms such as Paytm and Mphasis unveiling investment plans for the UK market. A resulting joint statement from the EFD sets out plans to generate growth, improve bilateral financial services ties and deepen policy cooperation on the UK Industrial Strategy, tax, sustainable finance and illicit finance. Areas for collaboration on defence were also identified, with the finalisation of the India-UK Defence Industrial Roadmap set to strengthen ties between industrial sectors and integrate supply chains. I valu

India-UK trade talks begin: FTA, BIT, social-security pact on the table

India had requested the UK to consider a social-security agreement two years ago, but talks were launched only on Monday

India, UK to resume negotiations on proposed trade agreement from Feb 24

After a gap of over eight months, India and the UK will resume negotiations for a proposed free trade agreement (FTA) here from February 24, an official said. UK's Secretary of State for Business and Trade Jonathan Reynolds will be here for resumption of the talks. He will hold a bilateral meeting with Commerce and Industry Minister Piyush Goyal, the official said. The India-UK FTA negotiations were launched on January 13, 2022. Total 13 rounds of negotiations have been held till December 2023. The 14th round, which began on January 10, 2024, was underway when negotiations were paused by the UK side in May 2024 due to elections in that country. The talks would resume the discussions from the progress achieved previously and seek to bridge the gaps for expeditiously closing the trade deal, the official added. The agreement is aimed at boosting bilateral trade and investments. In such pacts, two countries either eliminate or significantly reduce customs duties on maximum goods trad