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

Next Story
Infrastructure Energy

Rosatom and Vietnam Sign Roadmap to Advance Nuclear Cooperation

Rosatom State Corporation and the Ministry of Science and Technology of Vietnam have signed an interdepartmental roadmap for the development of nuclear technologies through to 2030. The agreement, formalised by Rosatom Director General Alexey Likhachev and Vietnamese Minister Nguyen Manh Hung, outlines key collaborative efforts in nuclear research, infrastructure and energy development.The roadmap includes the construction of a new nuclear science and technology centre in Dong Nai province near Ho Chi Minh City, fuel supply for the Da Lat research reactor, and Vietnam’s participation in the ..

Next Story
Infrastructure Urban

Enlight Metals Expands to Karnataka and Gujarat to Serve OEMs

Enlight Metals Private Limited, a Pune-based metal aggregator established in twenty twenty-four, has announced its expansion into Karnataka and Gujarat to better serve Original Equipment Manufacturers (OEMs). The company will leverage its Mumbai service centre and new partnerships with regional centres to meet increasing demand in southern and western India.Already supplying over two hundred OEMs, including Tata Motors, Eicher, and JCB, Enlight Metals will now cater to industrial clusters in Bengaluru, Hubli, Ahmedabad, and Vadodara. This move aims to enhance delivery timelines and fortify its..

Next Story
Infrastructure Urban

Grandweld to Showcase Maritime Innovation at UAE Forum

Grandweld Shipyards, a prominent fully integrated marine and offshore shipyard, will participate in the Make It In The Emirates Forum 2025 from May nineteen to twenty-two in Abu Dhabi. Celebrating over forty years in operation, the company will exhibit its shipbuilding, repair and conversion capabilities, emphasising sustainability and advanced technologies.Industry projections suggest the United Arab Emirates’ shipbuilding output will reach USD 423.01 million in 2025, growing at a compound annual growth rate of 3.47 per cent through 2029. Additionally, the offshore and commercial ship repai..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?