+
UK, India announce Rs 10,000 crore trade partnership
ECONOMY & POLICY

UK, India announce Rs 10,000 crore trade partnership

India and UK have announced the first enhanced trade partnership as a precursor to a free trade agreement in the virtual meeting held between UK Prime Minister Boris Johnson and Indian Prime Minister Narendra Modi.

The trade partnership will remove the current restrictions on the export of British fruit and medical devices to India and approve UK higher degree certifications in India. The two countries have also decided to remove barriers that restrict UK lawyers from practising international law in India. The free trade agreement (FTA) could also lower taxes on British products such as whisky.

The UK and Indian Government together invests a total of Rs 10,000 crore in their new UK-India trade. Serum Institute of India (SII) will invest Rs 2,400 crore to support Britain’s clinical trials, research and development and manufacturing of vaccines. Previously, SII joined hands with US biotech Codagenix Inc to start Phase-1 trials in the UK of a nasal vaccine against COVID-19 The Indian pharmaceuticals major will also open a new sales office in the UK worth Rs 7,300 crore.

British Petroleum (BP) has decided to decarbonise Infosys campuses across India to produce e-bicycles, and Cambridge Medical Robotics (CMR) Surgical to export a surgical robotic system to assist the Indian surgeons.

Image Source


Also read: India inaugurates several development projects in Seychelles

Also read: India signs up to boost infra projects in Maldives

India and UK have announced the first enhanced trade partnership as a precursor to a free trade agreement in the virtual meeting held between UK Prime Minister Boris Johnson and Indian Prime Minister Narendra Modi. The trade partnership will remove the current restrictions on the export of British fruit and medical devices to India and approve UK higher degree certifications in India. The two countries have also decided to remove barriers that restrict UK lawyers from practising international law in India. The free trade agreement (FTA) could also lower taxes on British products such as whisky. The UK and Indian Government together invests a total of Rs 10,000 crore in their new UK-India trade. Serum Institute of India (SII) will invest Rs 2,400 crore to support Britain’s clinical trials, research and development and manufacturing of vaccines. Previously, SII joined hands with US biotech Codagenix Inc to start Phase-1 trials in the UK of a nasal vaccine against COVID-19 The Indian pharmaceuticals major will also open a new sales office in the UK worth Rs 7,300 crore. British Petroleum (BP) has decided to decarbonise Infosys campuses across India to produce e-bicycles, and Cambridge Medical Robotics (CMR) Surgical to export a surgical robotic system to assist the Indian surgeons. Image SourceAlso read: India inaugurates several development projects in Seychelles Also read: India signs up to boost infra projects in Maldives

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code