Given that India and the United Kingdom will sign a “historical” free trade agreement to strengthen $ 120 billion to $ 120 billion by 2030, prominent Indian business leaders have welcomed development and described it as main support for trade, investment and cooperation across key sectors such as energy, technology and production.
Kartikeya Dude, the head of the country and the chairman of BP India, described the agreement as “a big step to strengthen the business relationship between the two partner nations”.
He added: “This will not only improve easier trade in goods and services, but also allow a smooth flow of talent and expertise. In the energy sector, this will support cooperation and investment, including renewable sources.”
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Anish Shah, CEO of the Group and CEO of the Mahindra Group group, echoed similar sentiments, welcomed the agreement as more than just a business contract.
“This Milestone Agreement on UK-India is more than an economic milestone-it is a bold vision for shared prosperity and innovation,” he said.
“It opens up a new door for cooperation in pure energy, advanced techniques and sustainable production.”
He also added: “We consider this to be a powerful platform for deepening the global partnership and leading the inclusive growth prepared for the future. It also signals the growing guidance of India in forming a new era of global cooperation.”
Meanwhile, Anil Agarwal, chairman of Vedant Ltd., appreciated the leadership of both nations in the video report.
“Congratulations to PM Modim and PM Starmer on this historical agreement. It is a great success between Britain and India when it goes on a progressive journey. Much hard work has entered it.”
Agarwal called this “bilaterally advantageous” for both countries and said: “FTA will strengthen economic activities and create many other jobs and opportunities for business in both countries. This will help both countries increase trade by at least $ 20 billion.”
Prashant Bangur, Vice -President of Shree Cement, called it “a milestone for India and the United Kingdom” and said that the agreement is “a testimony of the growing global engagement of India under the leadership of PM Shri Narendry Modi”.
He stressed that the agreement would “improve access to the market and opened new doors in production, services and mobility” and “strengthened the Indian position in global value chains and prepared a way for a more resistant, self -sufficient and shared economic future”.
On the line of education and cultural cooperation Alison Barrett MBE, director of the country of India on the British Council, he emphasized the impact on the agreement beyond the scope of the economy.
She said FTA “unlock thousands of jobs and increases growth in both economies” and that a comprehensive and strategic partnership “will see closer cooperation in defense, education, climate, technology and innovation”.
Barrett welcomed the focus on education and said: “I am glad that education is recognized as the main pillar of partnership and, at the core of this pulsating relationship, places people – especially young people from India and the UK.”
She added that the British Council continues to work closely with the Indian government to support the goal of internationalization of national education 2020 and notes: “Shared vision gives us a strong institutional framework for closer and more efficient cooperation.”
After signing the Pact, Prime Minister Narendra Modi said he would reduce “business costs” and strengthen “business confidence”. He added that this agreement between the two main economies would also contribute to global stability and prosperity.
British Prime Minister Starmer described the commercial agreement as “historical”. “Both countries will notice an increase in wages and standard of living,” he said, adding that the commercial agreement would strengthen whiskey distillery in Scotland. “It reduces the prices of Indian clothing, shoes, meals for British citizens.”
(Tagstotranslate) India UK Trade Deal
