ANI
19 Jun 2025, 12:10 GMT+10
New Delhi [India], June 19 (ANI): Speaking at the India Global Forum, Union Minister of Commerce and Industry, Piyush Goyal, says that he believes that India as a country can help the UK economy grow faster during this time of uncertainty.He said, 'We can help the UK economy grow faster in a very uncertain world, full of volatility, full of uncertainty, full of challenges and crisis. India is an oasis of stability, of fast growth, of a people generally very peaceful, known worldwide. We have 40 million Indians across the world, recognised for their talent, for their skill.'Piyush Goyal met the UK's Secretary of State for Culture, Media and Sport, Lisa Nandy, on Wednesday. The minister is on a two-day visit to the United Kingdom (UK).Piyush Goyal shared his thoughts regarding the meeting with Lisa Nandy on the social media platform 'X'. He said, 'Had an engaging discussion with the UK's Secretary of State for Culture, Media and Sport @LisaNandy. Goyal added that he explored greater opportunities for increased bilateral cooperation between the two great democracies, 'explored avenues for greater cultural collaboration and creative exchange, an essential pillar of our vibrant bilateral relationship.' While speaking at the India Global Forum, Goyal also commented on the UK-India Free Trade Agreement (FTA), 'It is unfair to call it a giveaway. Indian people add value to the UK economy when they come here.'He further added that, 'This is not something we raised after the new government came in. This has been on the table for the last three years of discussion. Almost 2 years ago, it was made a non-negotiable part of our discussion to bring balance and equity to a trade deal between two economies, one has a market of 1.4 billion aspirational Indians and the other a smaller set of people whose day-to-day needs have largely been taken care of. It was an assurance given nearly two years ago that it would be a part of our deal.'Under the FTA, India will reduce import tariffs on 90 per cent of British goods, with 85 per cent becoming completely duty-free over a period of ten years. In return, Britain has agreed to lower its tariffs on certain products, resulting in 99 per cent of India's exports to the UK facing zero duties. (ANI)
Get a daily dose of International Technology news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Technology.
More InformationCHONGQING/HOHHOT, June 19 (Xinhua) -- A new batch of vehicles produced in southwest China's Chongqing Municipality is about to embark...
Zagreb [Croatia], June 19 (ANI): Croatian Prime Minister Andrej Plenkovic praised India's growing global leadership, citing its bold...
Zagreb [Croatia], June 19 (ANI): Croatian Prime Minister Andrej Plenkovic gifted Prime Minister Narendra Modi a reprint of Vezdin's...
Zagreb [Croatia], June 18 (ANI): Terming terrorism as the 'biggest threat to global stability', Croatian Prime Minister Andrej Plenkovic...
Our cultural touchstones series looks at influential works. Gilles Deleuze was one of the most original and imaginative thinkers...
Our cultural touchstones series looks at influential works. Gilles Deleuze was one of the most original and imaginative thinkers...
MENLO PARK, California: Meta Platforms has made a bold move to accelerate its artificial intelligence ambitions—by investing US$14.3...
MOUNTAIN VIEW, California: On June 12, Google announced that it had fixed a temporary global service disruption that impacted several...
In Nepal's latest attempt to silence online speech, police are trying to arrest a well-known journalist who published on his YouTube...
New Delhi [India], June 19 (ANI): Speaking at the India Global Forum, Union Minister of Commerce and Industry, Piyush Goyal, says that...
New Delhi [India], June 19 (ANI): Prime Minister Narendra Modi on Thursday extended birthday wishes to Leader of Opposition and Congress...
New Delhi [India], June 19 (ANI): The Central Bank of the UAE (CBUAE) has decided to keep its key interest rate unchanged, following...