Prime Minister Narendra Modi shakes hands with his British counterpart Keir Starmer after Britain’s Secretary of State for Business and Trade, Jonathan Reynolds and Union Minister Piyush Goyal signed a free trade agreement, at Chequers Estate, in U.K.. (X/@narendramodi)
The India-UK Free Trade Agreement (FTA) signed on Thursday (July 25, 2025) establishes a modern, forward-looking partnership that would stimulate innovation, ease market access, and foster investment, Sunil Bharti Mittal, Founder & Chairman of Bharti Enterprises and Co-Chair of the India-UK CEO Forum. And the leader of the business delegation from India said.
“Businesses in India as well as the UK stand to gain tremendously, as it lays the groundwork for scaling up bilateral cooperation across key growth sectors,” he said
Calling this a watershed moment in India–UK economic relations, Prashant Ruia, Group Chief Executive, Essar said, “The signing of the Free Trade Agreement (FTA) marks the beginning of a new era of strategic collaboration between the two nations. By lowering tariffs, easing market access, and deepening services and investment flows, this landmark deal unlocks immense potential for both economies.”
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Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII) said, “This FTA marks a defining moment in our bilateral relationship, reflecting a shared commitment to inclusive growth, economic resilience, and industrial transformation. It creates a strong foundation for deeper market access, regulatory cooperation, and next-generation partnerships between Indian and UK businesses.”
Commenting on the deal Anish Shah, Group CEO & MD, Mahindra Group said, “The landmark trade agreement between India and the UK marks a transformative moment in the global economic landscape. It’s not just a win for trade, but a blueprint for a modern, values-led partnership that puts innovation, sustainability, and inclusive growth at the heart of global collaboration.”
“This deal is also a testament to the growing stature of India as a trusted partner and innovation powerhouse in the global order. We commend both governments for their bold leadership in charting a shared future rooted in prosperity, sustainability, and trust,” he added.
Published – July 25, 2025 10:23 am IST
