The Confederation of British Industry (CBI) has sen a business delegation to India with an aim to unlock many business opportunities from the Free Trade Agreement (FTA). This is the first ever delegation sent to India
The deal was negotiated between Delhi and London. The deal talks about 190,000 UK business both small scale and large scale which will have a 3 day visit to Indian cities of Mumbai and New Delhi and many big finance techs of ICICI, HSBC, Finetech Firm Tide, tech. and also wine spirits giant Pernod Richard.
The Delegations will focus on the key growth of the Indian and the UK businessss that can give rise to profitable businesses and partnerships including innovation and sustainability. The idea of the visit came as a result of the UK preparing to host the 7th round of FTA with India. This pact can boost and give rise to many opportunities and also boost the Indian trade by GBP 28 billion per year by 2035 and also increase the wages across UK by GBP 3 billion.
According to Greg Hands, “The UK-India relationship is going from strength to strength , so it is fantastic that the CBI is sending its first ever business delegation to India”.
