New Delhi, May 8 -- The finalization of the Free Trade Agreement (FTA) between India and the United Kingdom marks a historic step towards strengthening bilateral trade and investment relations. Businesses on both sides have welcomed the conclusion of trade talks that began in 2022 and were fast-tracked by successive UK governments.

The agreement promises to enhance economic engagement and reshape global value chains. Indian industry contributes extensively to the UK's economy. According to the Confederation of Indian Industry's (CII) India meets Britain Tracker 2024 report, the number of Indian companies in the UK was estimated at more than 970, contributing about £1.17 billion to the UK's corporation tax collections. These organiza...