PM Modi reaches UK; likely to seal FTA

PM Modi reaches UK; likely to seal FTA

3 months ago
Prime Minister Narendra Modi’s UK visit anticipates the signing of the India-UK Free Trade Agreement, a significant post-Brexit trade achievement for the UK. Discussions with British Prime Minister Keir Starmer are scheduled at Chequers. Bilateral trade exceeded $55 billion in 2023-24, with substantial investments from both nations, highlighting the robust economic partnership.
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India, UK FTA to benefit textiles, leather, pharma, engineering goods exports: FIEO

3 months ago
The proposed India-UK FTA is set to significantly benefit Indian sectors like textiles, pharmaceuticals, and engineering goods, potentially doubling bilateral trade to $60 billion by 2030. Expected to be signed during Prime Minister Modi’s UK visit, the agreement aims to eliminate tariffs on a majority of goods, fostering job creation and investment flows, while also […]
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Despite geopolitical tensions, India’s port sector expected to grow faster than major economies: Report

3 months ago
India’s port sector is poised for rapid expansion, outpacing many global economies, fueled by rising domestic consumption and government infrastructure initiatives. Cargo volumes have seen substantial growth, particularly in non-major ports. Ambitious targets are set to increase port capacity significantly by 2047, driven by factors like a young population and multimodal logistics, playing a crucial […]
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India, UK to sign free trade deal during PM Modi’s visit, cut tariffs on whisky, garments

3 months ago
India and Britain are set to sign a free trade agreement. This agreement aims to reduce tariffs on goods like whisky and cars. The UK will offer duty-free access to Indian textiles and electric vehicles. This pact is expected to significantly increase trade between the two nations. The agreement awaits approval from both the British […]
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India-UAE Trade at $100 bn since signing CEPA

3 months ago
India-UAE bilateral trade surged to $100.06 billion in FY25, up from $72.87 billion in FY22, following the Comprehensive Economic Partnership Agreement (CEPA) signed on February 18, 2022. Effective May 1, 2022, India’s merchandise exports to the UAE increased to $36.63 billion in 2024-25, marking a growth of 7% from $28.04 billion in 2021-22.
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Technical textiles exports up 15%

3 months ago
India’s technical textiles exports saw a substantial rise. Exports reached ₹24,732.68 crore in FY25, a jump from ₹16,100.51 crore in FY21. The growth represents a 15.53% increase over the last year. It also shows almost 11% CAGR over the past four years. The Textiles Minister Giriraj Singh also stated that no National Textile Corporation mill […]
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