India-UK CETA to deepen collaboration across trade, investment, innovation: Piyush Goyal
London/New Delhi, June 28 Commerce and Industry Minister Piyush Goyal, in his meeting with the diaspora here, highlighted the opportunities emerging from the India-UK CETA, effective from July 15, which will further deepen collaboration across trade, investment, and innovation, contributing to shared prosperity for both nations.
The minister had an engaging evening interacting with the Indian diaspora and business community in London.
"Spoke about the vital role of the diaspora as a living bridge between India and the United Kingdom, strengthening economic, cultural, and people-to-people ties," Goyal posted on X.
Goyal also interacted with members of the ICAI UK Chapter and emphasised the vital role of the CA community in strengthening the economic ties between India and the UK.
"Also, highlighted how the India-UK CETA will create new avenues for professionals. Urged them to leverage their skills, knowledge and professional expertise to maximise the opportunities arising from the agreement and contribute to the shared growth of both nations," said the minister.
He also had an insightful discussion with Professor Siddartha Khastgir, Head of Safe Autonomy at Warwick Manufacturing Group (WMG), University of Warwick, on deepening industry-academia collaboration and advancing research-driven innovation.
"A vibrant innovation ecosystem is instrumental in nurturing breakthrough ideas, building globally competitive industries, and shaping the technologies of the future for India and the world," said Goyal.
In a productive meeting with Dr Vishwajeet Rana, Group CEO of GEDU Global Education, Goyal discussed avenues to further strengthen India-UK collaboration in higher education, skills and innovation.
"Also, exchanged views on leveraging the India-UK CETA to foster stronger industry-academia partnerships and create new opportunities for shared growth between both countries," he added.
Earlier, Goyal urged Indian companies to deepen engagement with their UK counterparts and translate opportunities under the India-UK Comprehensive Economic and Trade Agreement (CETA) into sustained business growth.
Addressing the 'India-UK: Partners in Progress Business Plenary' in London, Goyal said the landmark trade pact offers significant opportunities to strengthen bilateral trade, investment, technology partnerships, innovation and resilient supply chains.
— IANS
Reader Comments
Good to see our ministers engaging with academia and industry. The collaboration with Warwick on safe autonomy is exactly the kind of hi-tech partnership we need. But let's be real - the real test will be in implementation. We've signed many MoUs before that gathered dust. Hope CETA gets executed with proper timelines and accountability.
As someone from the UK who works with Indian firms, I think this is fantastic news. The synergies between Indian tech talent and British innovation are immense. Hope the agreement also eases visa processes for professionals on both sides. That would really boost the 'living bridge' concept!
The focus on higher education and skill development is much needed. Our students and professionals need global exposure. But I hope the benefits reach small businesses and startups too, not just big corporates. The minister should also look at simplifying regulatory hurdles for MSMEs wanting to export to UK.
Great to see India-UK relations strengthening. As a British entrepreneur who has invested in India, I can say the potential is huge. But implementation will be key. Let's hope both sides work on reducing bureaucratic barriers. The diaspora is indeed a bridge - my Indian colleagues in London are ecstatic about this!
The minister's emphasis on innovation ecosystem is spot on. Warwick Manufacturing Group collaboration could bring cutting-edge automotive tech to India. But my worry is about data security and intellectual property protection in such agreements. Hope proper safeguards are in place for Indian firms. Overall, a positive step forward!
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.