All posts tagged: India UK FTA

JLR slashes Range Rover SV prices by up to Rs 75 lakh ahead of India-UK FTA

JLR slashes Range Rover SV prices by up to Rs 75 lakh ahead of India-UK FTA

Published by Webster

JLR India has reduced prices of UK-imported Range Rover SV and Range Rover Sport SV models by up to Rs 75 lakh in anticipation of the India-UK free trade agreement. The move reflects expected duty benefits, while prices of locally manufactured and non-UK models remain unchanged Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

India-UK Free Trade Pact Likely To Be Implemented In April | India News

India-UK Free Trade Pact Likely To Be Implemented In April | India News

Published by Webster

Last Updated:February 15, 2026, 17:43 IST New Delhi and London signed the Comprehensive Economic and Trade Agreement (CETA) on July 24, 2025. Prime Minister Narendra Modi engaged in an conversation with his English counterpart and Labour leader Keir Starmer. (IMAGE: MEA India) The India-UK free trade agreement, signed in July last year, is likely to be implemented in April 2026, news agency PTI reported, citing a government official. “We are expecting the pact to be implemented from April this year,” the official said, adding that both countries are working towards completing the required procedures. The two countries have also signed the Double Contributions Convention (DCC), which will ensure that temporary workers do not have to pay social security contributions in both countries simultaneously. The official said the DCC is also likely to be implemented in parallel with the trade agreement. Before the agreement comes into force, it needs approval from the UK Parliament. In India, such trade agreements require approval from the Union Cabinet. Once cleared by the British Parliament, the pact will be implemented …

What will be impact of India-U.K. trade deal? | Explained

What will be impact of India-U.K. trade deal? | Explained

Published by Parlour News

The story so far: After nearly three-and-half years, India and the U.K. finally gave their nod to a Free Trade Agreement (FTA) this week. Commerce Minister Piyush Goyal said the pact would set a new benchmark for “equitable and ambitious trade between the two large economies”. Though the fineprint has not yet been made public, domestic industry has welcomed the announcement, amid concerns about the potential impact on agriculture and medium and small enterprises (MSMEs). The deal is likely to be signed after three months, and will take over a year to implement. Why is the deal significant for both nations? The U.K. is India’s 16th largest trading partner and India is the U.K.’s 11th largest partner. Their bilateral trade is about $60 billion with India enjoying a positive trade balance, which is expected to double by 2030, according to the Indian government’s estimates. The new trade deal, as assessed by the British government, would increase the bilateral trade by another $34 billion. The agreement comes in the backdrop of global trade reeling under uncertainty …

India–UK trade deal text expected in 3 months; No MIP on UK Whisky: Official | Business News

India–UK trade deal text expected in 3 months; No MIP on UK Whisky: Official | Business News

Published by Parlour News

The official text of the India–UK free trade agreement is expected to be released in three months, as the legal scrubbing is currently underway, a government official stated on Thursday, adding that the agreement will be implemented following approval by the UK Parliament, which could take about an year. The official clarified that India has not included a Minimum Import Price (MIP) provision for British alcoholic beverages in the free trade agreement, despite requests from domestic liquor manufacturers. This is significant as India plans to reduce import duties on UK whisky and gin from 150 per cent to 75 per cent, and further to 40 per cent by the tenth year of the deal. On automobiles, the official clarified that India has incorporated adequate safeguards in the agreement to protect sensitive sectors. Import duties on vehicles will be reduced over a period of 10 to 15 years, with concessions on petrol and diesel engine vehicles limited to a predefined quota, the official said. The quota for imports of British electric vehicles (EVs) at a concessional …

Rajnath Singh to visit U.K., the first by a Defence Minister in 22 years

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Defence Minister Rajnath Singh is set to embark on a trip to London on January 8, 2024. This is the first trip by an Indian Defence Minister to the U.K. in over two decades. File | Photo Credit: ANI London Defence Minister Rajnath Singh will embark on a two-day visit to the U.K. on January 8 to rejuvenate strategic and security ties between the two countries, including possible collaboration to jointly develop fighter jets and other military platforms. The Defence Ministry, announcing the visit, said Mr. Singh and his British counterpart Grant Shapps are expected to discuss a wide range of issues in the spheres of defence, security and industrial cooperation. He is also expected to call on British Prime Minister Rishi Sunak and Foreign Minister David Cameron. The Defence Minister will be accompanied by a high-level delegation comprising senior officials from the three services, Defence Research and Development Organisation (DRDO) and the Department of Defence Production. “He will also interact with the CEOs and industry leaders of the UK Defence Industry and meet with …