
India-UK Free Trade Pact to Enhance India's Economic Development

Harjinder Kang, HM Trade Commissioner, South Asia and British Deputy High Commissioner, Western India addressed a very insightful session on the India - UK Free Trade Agreement at the Bangalore Chamber of Industry & Commerce (BCIC).
Commenting on the FTA, Harjinder says, "Last month, the Prime Ministers of the UK and India endorsed a new ‘India-UK Vision 2035’, a reaffirmation of our two countries' shared commitment to unlocking the full potential of a revitalized partnership. The UK-India Comprehensive Economic & Trade Agreement (CETA) is a major milestone towards realizing this vision. The deal will mutually benefit both nations and promote mobility, innovation, inclusivity, support jobs, boost exports and strengthen cross-border trade and economic growth."
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"The Vision also aligns with the UK's modern Industrial Strategy which will help businesses overcome barriers to investment across sectors, including Advanced Manufacturing, Creative Industries, Clean Energy, Financial Services, Digital & Technology, Defence, Life Sciences, Creative Industries and Professional & Business Services," he added.
The India-UK FTA is a landmark deal that will usher in a new era of cooperation and mutual growth between the two nations
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Prashant Gokhale, President, BCIC says,"The India-UK FTA is a landmark deal that will usher in a new era of cooperation and mutual growth between the two nations. We believe that this agreement will have a significant impact on our economies and will support job creation, technology transfer, and innovation."
CA K. Ravi, Senior Vice President, BCIC and Chairman of the International Business Expert Committee says, "Lowering trade barriers and fostering sectoral collaboration could create fresh opportunities for industries such as manufacturing, services, and technology, while boosting competitiveness and attracting new investments. For Karnataka, with its thriving sectors in aerospace, IT services, advanced manufacturing and renewable energy, this agreement could unlock unprecedented opportunities for collaboration and market access."