Page 3 - India Uk

India fails to secure exemption from UK carbon tax in trade deal: GTRI

India was unable to secure an exemption from the UK's carbon tax in the free trade agreement, signed on Thursday, a move that will impact India's carbon-intensive exports to Britain, think tank GTRI said on Friday. The UK government in December 2023 decided to implement its Carbon Border Adjustment Mechanism (CBAM) starting 2027. By not securing a carve-out or exemption clause on CBAM (carbon border adjustment mechanism), India lost a vital opportunity to protect its carbon-intensive exports, the Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. "From January 2027, the UK can impose carbon taxes on Indian steel and aluminum, even as we grant UK goods duty-free access. That's a serious asymmetry. Expect the same treatment in India's trade agreement with the EU," he said. The GTRI in May stated that India's exports worth USD 775 million to the UK may be impacted due to Britain's decision to introduce a carbon tax on products such as iron and steel, aluminium, ...

'UK trade pact will help us, India must sign more', says RBI Guv Malhotra

RBI Governor Sanjay Malhotra said the UK-India FTA will benefit India's manufacturing and services sectors, adding that multilateralism has taken a back seat and more such pacts are needed

India-Australia FTA likely in 'very near future', says Australian Trade Min

Australia expects to expand its trade pact with India soon; initial FTA was signed in April 2022, removing tariffs on most goods but excluding key farm products like wheat and dairy

Trident up 6% on Q1 results, India-UK FTA; what should investors do?

Trident's consolidated net profit for the quarter ended June 30, 2025, stood at ₹140 crore, up 89 per cent from ₹73.8 crore in Q1FY25

India-UK trade deal: Double contribution pact to smoothen ops for IT cos

So far, Indian professionals working for a limited period in UK contributed to the country's social security funds, but they would not get benefits as they would return once the project is completed

India-UK trade deal: Dairy products excluded, zero duty on 95% agri goods

India secures duty-free access for most agricultural products in the UK market, while protecting dairy, edible oils, and apples from tariff concessions in the India-UK FTA

India-UK trade deal: Med device firms cautious about country of origin

The UK-India Free Trade Agreement is expected to boost trade in pharmaceuticals and medical devices, though industry players remain cautious about the impact of country of origin rules

Indo-UK FTA to boost 'Make in India', double trade by 2030: TVS Motor

The signing of the India-UK Free Trade Agreement is poised to open new global frontiers for Indian manufacturing under the Government of India's flagship 'Make in India' initiative, a top official of two and three wheeler maker TVS Motor Company said on Thursday. The FTA is also a significant step forward in realising the Prime Minister Narendra Modi's vision of 'Viksit Bharat'. TVS Motor believes the India-UK FTA would create immense opportunities for Indian companies to expand their global footprint while showcasing the country's innovation and engineering excellence on a larger platform. The landmark agreement is expected to double bilateral trade from the USD 60 billion to USD 120 billion by 2030, TVS Motor said. The Chennai-based company's Managing Director Sudarshan Venu in a release here, said, "We are deeply inspired by Prime Minister Narendra Modi's vision of Viksit Bharat and his unwavering commitment to making India a global manufacturing and design powerhouse." "The ..

Double contribution convention to help Indian workers and firms in UK: Govt

India and the UK agree on a Double Contribution Convention that will benefit Indian workers and firms in the UK by exempting social security contributions for up to three years

India-UK FTA to cut spirit duties, but price drop may be limited: Experts

The India-UK free trade agreement will reduce duties on imported spirits, making premium international options more accessible to Indian consumers, according to industry players, but experts cautioned that the benefits may be limited as the maximum price reduction could be only up to Rs 300 per bottle. As per the FTA signed in London between the two governments, India is reducing duty on UK whisky and gin from 150 per cent to 75 per cent and further to 40 per cent in the tenth year of the deal. "Whisky producers will benefit from tariffs slashed in half, reduced immediately from 150 per cent to 75 per cent and then dropped even further to 40 per cent over the next ten years - giving the UK an advantage over international competitors in reaching the Indian market," as per an official statement of the UK government. Reacting to the development, the International Spirits and Wines Association of India (ISWAI), which represents premium alcoholic beverage companies in India (mostly MNCs)

Indo-UK deal to give Indian market access at lower tariff, says JLR

Jaguar Land Rover on Thursday said the India-UK free trade agreement would help the marquee automaker to access lower tariffs in India for its luxury models. Under the India-UK FTA, India will reduce tariffs on automotive imports from about 110 per cent to 10 per cent under quotas on both sides, benefiting companies such as Jaguar Land Rover (JLR). "We welcome this free trade agreement between the UK and India, which over time will deliver reduced tariff access to the Indian car market for JLR's luxury vehicles," a company spokesperson said in a statement. India is an important market for the company's British-built products and represents significant future growth opportunities, the spokesperson added. In a separate query regarding a change in pricing of imported products into the Indian market, a UK-based spokesperson said: "No decisions have been made on pricing." Around 60 per cent of the cars JLR sells in India, including popular models in the Range Rover portfolio Range Rov

India, UK sign FTA: What it means and how it will help both countries

India and the UK have signed a landmark Free Trade Agreement aiming to boost bilateral trade by nearly $34 billion annually, slash tariffs, and create thousands of jobs in both countries

India-UK FTA: How key sectors will benefit from tariff, policy shifts

The Comprehensive Economic and Trade Agreement (CETA) between India and the UK aims to double trade volume to over $100 billion by 2030

India, UK sign free trade agreement; set to boost $34 bn in annual trade

The India-UK FTA cuts tariffs, expands market access, and introduces mutual regulatory easing; Vision 2035 roadmap was also unveiled during PM Modi's UK visit

India, UK to ink FTA today: Trade, defence, energy on Modi-Starmer agenda

The Free Trade Agreement is being described as India's most comprehensive trade pact ever and the UK's most significant since Brexit

FTA, UK-India Vision 2035 mark shift in bilateral ties: Foreign secy Lammy

Besides a "significant and comprehensive" Free Trade Agreement (FTA) to be signed between Prime Ministers Narendra Modi and Keir Starmer, an ambitious new UK-India Vision 2035 agreement will also be agreed between the leaders on Thursday to mark a "step-change" in bilateral ties for the next decade, UK Foreign Secretary David Lammy has said. In an interview with PTI to coincide with Modi's visit to the UK, the senior UK Cabinet minister said the pact will build on the FTA to unlock new opportunities that strengthen defence cooperation and drive innovation between both economies. Lammy said the UK is thrilled that Prime Minister Modi is visiting to sign the FTA, the most significant bilateral trade deal for Britain since leaving the European Union (EU) and the most comprehensive agreement India has ever signed. The UK-India Free Trade Agreement (FTA) will naturally be a central focus, a testament to the strength of our partnership, said Lammy. It's projected to boost bilateral trade

PM Modi to embark on visit to UK, Maldives from today; what's on agenda

His visit to the UK will primarily focus on the formalisation of the India-UK Free Trade Agreement (FTA). Besides holding wide-ranging talks with Starmer, PM Modi will also be meeting King Charles III

Explained: What the India-UK free trade deal means for both economies

India and the UK are likely to sign a long-awaited free trade deal during PM Modi's visit to London on July 24, aiming to boost trade, cut tariffs, and deepen economic ties

India-UK signing of trade pact on Jul 24; Piyush Goyal to accompany PM Modi

Commerce and Industry Minister Piyush Goyal will accompany Prime Minister Narendra Modi to London for the signing of the free trade agreement between India and the UK on July 24, an official said on Monday. The two countries announced the conclusion of the negotiations for the trade agreement on May 6. The trade pact proposes to remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in a bid to double trade between the two economies to USD 120 billion by 2030. Prime Minister Narendra Modi will pay a four-day visit to the United Kingdom and the Maldives beginning Wednesday with an aim to shore up bilateral ties in areas of trade, investment and defence. The commerce minister will accompany the Prime Minister during the visit, the official said. Once the free trade agreement is signed, it will require approval from the British Parliament and India's Cabinet before it can take effec

India, UK likely to sign free trade agreement next week after review

India and UK are expected to sign FTA next week; pact expected to cut tariffs, boost exports, and benefit sectors like textiles, whisky, while easing social security rules for Indian professionals