Page 4 - India Uk

Trading with India will be 'quicker, cheaper, easier' post-FTA, says UK

It will be quicker, cheaper and easier for British companies to trade with India as a result of the bilateral Free Trade Agreement (FTA) struck earlier this month, the UK government said on Wednesday. Business and Trade Secretary Jonathan Reynolds described the FTA as the best deal India has ever agreed to as he convened a revamped advisory board for its first meeting, tasked with boosting exports to grow the UK economy. The Board of Trade, made up of UK business experts, is charged with delivering targeted support for small businesses across the country and helping firms utilise the exporting opportunities from the UK's recent FTAs with the India pact followed by a US deal. Today marks the beginning of a new chapter for British trade. This Board isn't just a talking shop it's a hands-on, dynamic force that will help businesses of every size access global markets and seize the opportunities created by our landmark trade deals, said Reynolds, who concluded the UK-India FTA ...

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

Will support efforts to tackle terror threat: UK on India-Pakistan conflict

The UK stands ready to work with India and Pakistan to ensure a lasting ceasefire and will lean in to support efforts on both sides to deal with horrendous terrorism, Foreign Secretary David Lammy has told the British Parliament. During a debate on Kashmir in the House of Commons on Tuesday, Lammy said he remains in regular contact with his counterparts in New Delhi and Islamabad to encourage both nations to maintain their commitment to hard-won areas of diplomatic cooperation, such as the Indus Water Treaty. The UK welcomes the commitments made by India and Pakistan to pause any further military action. Given our strong and close relationships with both countries, the UK stands ready to work with both sides to make a lasting ceasefire a reality, Lammy told MPs. Let me be clear that the horrendous terrorism we saw 26 nationals stripped and shot was horrific, and we condemn it. We will continue to work with close partners to deal with this terrorist threat all of us have to lean in

India rejects UK's data exclusivity demand in FTA to shield generics

India has not accepted the demand of the UK for inclusion of a 'data exclusivity' provision in the free trade agreement, announced on May 6, in a bid to protect the interests of the domestic generic drugs industry, an official said. During the negotiations, the UK had asked to include this provision in the trade pact. "But India has not accepted that. There is no fear for the Indian generic industry from this agreement. In fact, it is our very important objective to see that the generic drug industry flourishes," the official said. The sector plays a key role in India's exports, which are also growing. Data exclusivity provides protection to the technical data generated by innovator companies to prove the usefulness of their products. In the pharmaceutical sector, drug companies generate data through expensive global clinical trials to prove the efficacy and safety of their new medicine. By gaining exclusive rights over this data, innovator companies can prevent their competitors

Smartphones, electric vehicles off limits in India-UK free trade agreement

Government officials said that while the deal was concluded on Tuesday, implementation could take over 15 months

Ashish Kacholia portfolio stock hits record high; zooms 27% in 5 days

Shares of Faze Three hit an all-time high of Rs 602.85, surging 7.5% in Thursday's intra-day trade, zooming 90% from its March month low of Rs 318 on the BSE.

Tata Motors shares extend gain, surge 9% on heavy volumes; here's why

With the past two days' rally, Tata Motors has bounced back 30 per cent from its previous month low of ₹ 542.55 touched on April 7, 2025.

UK Parliament debates India-Pakistan conflict, appeals for de-escalation

The rising tensions between India and Pakistan in the wake of the Pahalgam terror attack and Op Sindoor targeting terror camps in PoK was debated at length in the British Parliament, with members across parties appealing for UK efforts to aid de-escalation in the region. India launched Operation Sindoor early Wednesday, hitting nine terror targets in Pakistan-occupied Kashmir (PoK) and Pakistan's Punjab province in retaliation for the April 22 terror attack that killed 26 people in Jammu and Kashmir's Pahalgam. UK Foreign Office Minister Hamish Falconer opened the debate in the House of Commons on Wednesday with a statement reiterating Prime Minister Keir Starmer's earlier remarks over the importance of diplomacy and dialogue. He also expressed concerns related to the very personal aspect of the conflict for a large number of British Indians and British Pakistanis in the country. Our consistent message to both India and Pakistan has been to show restraint. They need to engage in ..

India-UK trade deal signals that globalisation momentum remains strong

This agreement clearly reflects the importance of political momentum and compromise

India opens central govt procurement to UK firms under new trade pact

After the UAE, India has opened its central government procurement for British companies under the free trade agreement (FTA) announced on Tuesday, an official said on Wednesday. The official said British firms would be allowed to participate in the procurement of goods and services of the non-sensitive central-level entities only. However, access to state and local government-level entities will be excluded. "Eligible UK suppliers would be allowed to bid for domestic tenders as deemed Class II local suppliers only," the official said, adding carve out is also provided for 'Make in India' policy as well as medium and small enterprises. Earlier, India opened the government procurement segment in the comprehensive trade pact with the UAE. Under that pact, UAE firms are allowed to participate in procurement tenders worth over Rs 200 crore. In 2020, the government modified public procurement norms to give maximum preference to companies whose goods and services have 50 per cent or mor

Scotch whiskey to get cheaper in India as import duty slashed under UK FTA

India-UK trade pact to halve Scotch whisky import duty to 75 per cent initially, then 40 per cent over 10 years; move expected to cut prices, boost exports, FDI, and premium brand access

No duty cuts by India on diamond, smartphones, fibres in UK trade pact

India seals FTA with UK but keeps duty shield on EVs, smartphones, diamonds, and other key goods to protect domestic industry and manufacturing base

India, UK seal free trade deal; PM Modi calls it 'historic milestone'

Duplication of social security contributions to be nixed too

India-UK FTA is our most comprehensive trade deal, says Commerce secy

The free trade agreement (FTA) concluded between India and the UK is a "game changer" and is the most comprehensive trade deal ever entered into by India, Commerce Secretary Sunil Barthwal said on Tuesday. He said that the pact will set India further on the path of rapid economic growth and benefit the country's global integration. "This is the most comprehensive free trade deal ever entered into by India and will be the gold standard for our future engagements," he said. Barthwal told PTI that the agreement will have a positive impact on the country's manufacturing across labour and technology intensive sectors. "It opens up export opportunities for sectors such as textiles, marine products, leather, footwear, sports goods and toys, gems and jewellery," he said. Commenting on the pact, Commerce and Industry Piyush Goyal said that this agreement sets a new benchmark for equitable and ambitious trade between two large economies. "It will benefit Indian farmers, fishermen, workers,

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

UK stands with India against terrorism, says British culture secy Nandy

Nandy, who was in India, said that UK's relationship with India is 'very long' and 'very deep'

Union Minister Piyush Goyal meets Indian representatives in London

On April 28, Piyush Goyal met with the UK's Secretary of State for Business and Trade, Jonathan Reynolds, to advance negotiations for a Free Trade Agreement (FTA) between the two nations

India, UK discuss deeper military ties, advancing defence capability

According to the Ministry of Defence, the discussions focused on enhancing defence industry collaboration and boosting the Make in India initiative

'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

UK court rejects India's appeal for extradition of Sanjay Bhandari

The High Court in London on Tuesday refused the government of India's application seeking permission to appeal in Britain's Supreme Court against the discharge of Sanjay Bhandari, the defence sector consultant wanted in Delhi to face charges of alleged tax evasion and money laundering. Lord Justice Timothy Holroyde handed down the judgment at a brief pronouncement hearing at the Royal Courts of Justice in response to the Indian government's application filed last month. It followed Holroyde and Justice Karen Steyn's February 28 High Court judgment granting the 62-year-old businessman's appeal against being extradited on human rights grounds. The court received an application from the government of India seeking certification of points of law of general importance and grant leave to appeal to the Supreme Court, said Justice Holroyde. Having considered the written submissions, the court is satisfied that no oral hearing is necessary, and no further submissions required. The two point