A total of 26 British companies, including veteran Airbus and British luxury car manufacturer Rolls Royce of Europe’s aviation sector, have announced big deals and investment after the comprehensive free trade agreement (FTA) with India. The agreement was signed on Thursday afternoon, which will take the economic and business relations between the two countries to new heights.

Big deals of Airbus and Rolls Royce

The French Airbus company and Britain’s Rolls Royce Company have signed around 5 billion pound agreements. Under this, they will provide aircraft and aircraft engines to Indian airlines. This agreement will provide the latest technology to India’s aviation sector and create new employment opportunities in Britain.

British companies invest in India

Britain’s carbon clean company, which provides service to control carbon emissions, plans to invest 7.6 million pounds in Mumbai. In addition, medical equipment -making Occuity has signed a 74.3 million pound export agreement with Indian company Remidio Innovative Solutions. Special chemical manufacturer Johnson Methi has achieved contracts of over 20 million pounds and will invest 4 million pounds in India, which will generate about 20,000 new jobs.

India’s companies expand in Britain

Investment of Indian companies is also increasing in Britain. Kerala’s artificial intelligence company Dicube AI has invested 5 million pounds in Manchester and London. IT service firm LTIIMINTI has created more than 300 jobs in London, investing 1 million pounds in London. At the same time, banking and cyber security sector company orianpro has planned 20 million pounds in the UK, which will produce more than 150 jobs.

Profit and bilateral cooperation of agreement

Prime Minister Narendra Modi and British Prime Minister Sir Kir Starmer gave this agreement "Historical" Told This agreement will not only promote manufacturing and service sector but will also reveal new possibilities for Indian farmers and exporters.

95 percent of agriculture and processed food products will be free from British tariffs, which will give better access to Indian products such as turmeric, black pepper, cardamom, mango pulp, pickles and pulses. This will be an opportunity for farmers to increase income.

Fisheries and other areas also benefited

The coastal states of fisheries region, especially Andhra Pradesh, Odisha, Kerala and Tamil Nadu will also benefit from this agreement. Fish products like shrimp and tuna will no longer be charged in Britain.

Limited concessions and protection

However, no discounts have been given on dairy products, apples, oats and edible oils so that the security of domestic farmers of India remains.

Indian products prices will be low in British

Prime Minister Modi said that this agreement "Trade cost" Will reduce and between the two countries "Business trust" Will increase, which will strengthen the global economy. British Prime Minister Starmer said that this will increase the standard of living of the people of both countries and will reduce the prices of Indian products in the British market.