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Mumbai News Live Updates: India-UK trade pact to boost MSMEs, create stability, says PM Modi

Mumbai News Live, Maharashtra Mumbai Weather Forecast Today Live Updates: "Today, India-UK bilateral trade stands at USD 56 billion. I am confident that the target of doubling it would be achieved ahead of the scheduled deadline of 2030," Modi said.

modi starmerStarmer's visit to India came two-and-half months after India and UK inked a landmark free trade pact that will increase market access, cut tariffs and is expected to result in doubling the bilateral trade by 2030. (@narendramodi/X)

Mumbai News Live Updates: Prime Minister Narendra Modi on Thursday said the India-UK free trade pact will boost MSMEs and create jobs, and exuded confidence that the target of doubling bilateral trade will be achieved ahead of the target date of 2030. Addressing a CEO forum along with British Prime Minister Keir Starmer, Modi said the Comprehensive Economic and Trade Agreement (CETA) between India and the UK will provide stability at a time when the world is witnessing instability. “Today, India-UK bilateral trade stands at USD 56 billion. I am confident that the target of doubling it would be achieved ahead of the scheduled deadline of 2030,” Modi said.

‘Wants to support you’; Starmer tells traders: In his address, Starmer asked industry leaders from India and UK to list out what the governments of both the countries could do to remove barriers stopping them from capitalising on opportunities. “We want to support you to maximize the potential in relation to this trade agreement,” Starmer said, adding that there has been a 6 billion pound boost in trade and investment in the three months since the CETA was signed in July.

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Partly cloudy sky: The financial capital of the country witnessed partly cloudy skies on Thursday with possibility of light rain. Meanwhile, Mumbai has been spruced up amid UK PM Keir Starmer and PM Narendra Modi’s visit to the city as the Brihanmumbai Municipal Corporation sprang into action with a beautification and cleanliness drive this week. According to senior BMC officials, the beautification works as well as round-the-clock cleanliness drives have been initiated in several high-profile wards such as A ward, D ward, G/South ward, H/East ward, etc, where Prime Minister Starmer is poised to visit over his two-day visit to Mumbai.

 

 

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Mumbai News Live Updates: India-UK trade pact to boost MSMEs, create stability, says PM Modi

Prime Minister Narendra Modi on Thursday said the India-UK free trade pact will boost MSMEs and create jobs, and exuded confidence that the target of doubling bilateral trade will be achieved ahead of the target date of 2030. Addressing a CEO forum along with British Prime Minister Keir Starmer, Modi said the Comprehensive Economic and Trade Agreement (CETA) between India and the UK will provide stability at a time when the world is witnessing instability. “Today, India-UK bilateral trade stands at USD 56 billion. I am confident that the target of doubling it would be achieved ahead of the scheduled deadline of 2030,” Modi said.

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PM Modi and Keir Starmer met for the first time after the trade agreement between India and UK was finalised. Defence and trade is expected to be the prime focus of their bilateral talks today.

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