London, July 24 -- European aerospace major Airbus and British luxury carmaker Rolls Royce are among 26 UK-based firms to have secured high-value business deals following the signing of the India-UK Free Trade Agreement (FTA) on Thursday afternoon, media reports said.

Airbus, headquartered in Blagnac, France, and Rolls Royce, based in Derby, UK, will supply aircraft and engines to Indian carriers under contracts worth nearly £5 billion, NDTV reported.

The deals are expected to significantly benefit both economies-ensuring timely delivery of aircraft and components for India's fast-growing aviation sector, while supporting thousands of skilled jobs in the UK.

Occuity, a UK-based med-tech company that designs non-contact optical dev...