Uk Industry

Non-trade issues making FTAs more complex: Commerce Secy Sunil Barthwal

India's free trade agreements are evolving, incorporating new areas like labour, environment, and intellectual property. Barthwal highlighted the complexity of India's deals with the EU and UK.

Swraj Paul's later-career expansion: Caparo's N America bet after crises

At 90, Paul backed Bull Moose Tube's 350,000-tonne pipe mill in Texas - evidence of late-career expansion discipline

Why UK is close to becoming only G7 nation without steel production ability

British Steel has announced plans to close its two blast furnaces and steelmaking operations in Scunthorpe, marking the end of more than 160 years of steel production in the town

UK EV delegation visits Kolkata, FIDC spots challenges for clean mobility

A UK electric vehicles delegation, comprising six innovative SMEs specialising in fleet telematics, battery energy storage systems, AI, IoT-based cybersecurity and modular decentralized generators, visited Kolkata on Tuesday to explore opportunities in India. The delegation, facilitated by Connected Places Catapult and supported by Global Business Inroads (GBI) in association with the Bengal Chamber of Commerce and Industry (BCC&I), aims to foster bilateral trade and investment between the UK and India, particularly in the 2- and 3-wheeler EV segments. Andrew Fleming, British Deputy High Commissioner to East and Northeast India, said, This EV delegation marks a major step in advancing EV innovation and forging new partnerships. By working together, we can unlock opportunities, drive investment, and accelerate the adoption of clean mobility solutions. However, the push for EV adoption in India faces significant financing challenges, as highlighted by the Finance Industry ...

UK business morale gloomiest, hits two-year low after tax rises: Survey

Finance minister Rachel Reeves announced 40 billion pounds ($50 billion) of tax rises on Oct 30, the most of any budget since 1993

UK services sector sentiment drops at fastest rate in two years, says CBI

The index represents the difference between the percentages of businesses which say they are more optimistic and those who are more pessimistic

Vertex Hydrogen to supply over 1,000 MW of hydrogen to UK industries

Vertex Hydrogen is a leader in the energy transition, developing the UK's first large scale, low carbon hydrogen production hub at Essar's site in Ellesmere Port

Ford to cut 3,800 jobs over next 3 years in Europe, mostly in Germany, UK

Ford said Tuesday that it will cut 3,800 jobs in Europe over the next three years in an effort to streamline its operations as it contends with economic headwinds and increasing competition on electric cars. The automaker said that 2,300 jobs will go in Germany, 1,300 in the UK and 200 elsewhere on the continent. It said that its strategy to offer an all-electric fleet in Europe by 2035 is unchanged and that production of its first European-built electric car is due to start later this year. The company said it is looking for a leaner, more competitive cost structure for Ford in Europe. It said that it will embark on consultations with the intent to achieve the reductions through voluntary separation programmes. Ford aims to cut 2,800 of the jobs in engineering by 2025, a result of the transition to electric cars that are less complex, though it plans to keep around 3,400 engineering jobs in Europe. The remaining 1,000 jobs will be cut on the administrative side. These are difficu

Force multiplier: Meet Lord Karan Bilimoria, India's voice in the UK

'An Indian living in London; but an Indian born and brought up in India: not a second generation Asian but a first generation immigrant - who's totally Indian but feels at home in both countries'

TVS SCS extends contract with Dennis Eagle for UK aftermarket services

UK-based refuse truck manufacturer needed services for supplier management, stocking and sourcing

Talks on free trade agreement with UK moving at faster pace: Goyal

Negotiations for the proposed free trade agreement between India and the UK is progressing at a faster pace, commerce and industry minister Piyush Goyal said on Tuesday. The agreement is aimed at boosting bilateral trade and investments between the two countries. India has signed a trade pact with the UAE in a "record" time and "now our talks with the UK is moving at a faster pace", Goyal said. In such pacts, two or more countries significantly reduce or eliminate customs duties on maximum number of goods traded between them. Besides, they ease norms for promoting trade in goods and investments. In January, India and the UK formally launched talks for a free trade agreement. They have set the deadline for concluding talks by Diwali. India is also negotiating similar pacts with Canada, European Union (EU) and Israel, he said, adding that several other nations have shown keen interest in negotiating trade agreements with India. The Gulf Cooperation Council (GCC), Eurasian Economic

FTA or not, British firms will continue to invest in India: UKIBC CEO Heald

But transparency, predictability of policies and ease of doing business need to improve further at ground level, he says

UK industry on track to have boosted economy in fourth quarter of 2017

Britain's economy grew at a quarterly rate of 0.4% in the three months to September