Prime Minister Shri Narendra Modi and the Prime Minister of the United Kingdom, Rt Hon. Sir Keir Starmer met today with business leaders from India and the UK following the signing of the historic India – UK Comprehensive Economic and Trade Agreement [CETA]. Leading Industry captains from both sides from the health, pharmaceuticals, gems and jewellery, automobiles, energy, manufacturing, telecom, technology, IT, logistics, textiles and financial services sectors were present in the meeting. These sectors contribute significantly to employment generation and inclusive economic development in both countries.
The two leaders noted the expansion in bilateral trade and investment ties in recent years. Interacting with the business leaders, they encouraged them to realise the full potential of opportunities flowing from the CETA for deepening trade, investment and innovation partnerships. While reaffirming their shared commitment to drive economic growth through enhanced bilateral collaboration, they noted that the new agreement will give a boost to business sentiment in the two economies and to the global economic landscape. Highlighting the tangible benefits of the CETA, the two leaders walked through a showcase featuring an impressive line-up of flagship products and innovations from both nations. The exhibits included gems and jewellery, engineering goods, quality consumer products and advanced technological solutions.
The India-UK business leaders hailed the historic trade agreement and expressed optimism that it will usher in a new era in the Comprehensive Strategic Partnership and deepen collaboration not only in trade and economy, but also in emerging technologies, education, innovation, research and health sectors.
Both leaders reaffirmed their commitment to supporting businesses, small and large, in harnessing the potential of the new agreement and deepen the bonds of economic cooperation for years to come.
