Piyush Goyal in London, asks businesses to capitalise on India-UK Trade Deal
New Delhi, June 28: On a visit to London, Commerce and Industry Minister Piyush Goyal has urged Indian businesses to deepen engagement with their UK counterparts to fully capitalise on opportunities created by the India-UK Comprehensive Economic and Trade Agreement (CETA).
He underlined the need for sustained collaboration to drive trade and investment as he addressed the ‘India–UK: Partners in Progress Business Plenary’ in London.
Goyal said the India-UK trade pact offers a strong platform to expand bilateral economic cooperation through increased investment, technology partnerships, innovation and resilient supply chains.
The event brought together leading industry representatives from both countries, who described CETA as a landmark agreement with the potential to significantly boost commercial ties.
Discussions at the plenary focused on the effective implementation of the agreement, with industry leaders calling for greater awareness of CETA, especially among micro, small and medium enterprises (MSMEs).
Participants also highlighted the need to simplify regulatory processes and certification requirements, strengthen industry-to-industry partnerships and improve talent mobility to help businesses benefit from the pact.
During the event, Goyal launched four knowledge reports aimed at helping businesses understand and utilise opportunities under CETA.
The reports were published by FICCI, CII, UKIBC-HSBC and CareEdge, covering various aspects of the India-UK economic partnership, trade opportunities and sovereign ratings.
Industry representatives also presented recommendations from sector-specific roundtable discussions covering healthcare, advanced manufacturing, clean energy, science and technology, services and consumer goods.
The proposals focused on expanding bilateral collaboration through innovation, investment and stronger commercial partnerships.
Goyal concluded his two-day business visit to the United Kingdom with an interactive session involving the Indian business delegation.
Participants shared insights from their meetings with potential partners and identified new business opportunities across multiple sectors.
The engagements underscored the growing momentum behind the India-UK CETA and reflected the shared commitment of both governments and industry to convert the agreement into tangible trade, investment and economic outcomes. (BVI)
