Friday, 02 Oct 2026 Breaking: Saudi Arabia hands over flydubai co-pilot to UAE as investigators probe midair stabbing incident
BREAKING: Apple launches AI platform | Tesla earnings beat estimates | Nvidia stock surges | Bitcoin crosses major resistance
Business

Tamil Nadu CM Joseph Vijay to visit UK on September 10 to attract industrial investments

Tamil Nadu CM Joseph Vijay to visit UK on September 10 to attract industrial investments

New Delhi [India], September 1 (ANI): Tamil Nadu Chief Minister C Joseph Vijay will travel to the United Kingdom on September 10 to attract industrial investments to the state, marking his first foreign trip after assuming office as Chief Minister.
The Chief Minister will remain on a tour of the United Kingdom until September 16 to conduct a series of investor meetings. The high-level outreach comes amid intense competition between Tamil Nadu and Andhra Pradesh to secure major industrial and capital investments in the southern region.
According to government sources, the state is also actively engaging other global manufacturing hubs during the same period. A state delegation led by Minister Keerthana will travel to Taiwan on September 4 to participate in the Semicon conference.
The Chief Minister's outreach in United Kingdom takes place against the backdrop of an expanded bilateral commercial architecture. The UK-India Free Trade Agreement (FTA), formally designated as the Comprehensive Economic and Trade Agreement (CETA) and recognized as one of the largest trade agreements of modern times, came into effect on 15 July 2026.
Total bilateral trade between the UK and India reached GBP 48 billion in 2025. With the implementation of the trade framework, commercial exchanges are positioned for immediate expansion, allowing consumers across both countries cheaper, quicker, and easier access to British and Indian goods and services.
Under the terms of the agreement, 99 per cent of Indian goods entering the UK market and 90 per cent of UK goods entering India will either enter duty free or face significantly reduced tariffs.
The broad-based tariff reductions are slated to directly benefit core sectors across both nations, including automotive, manufacturing, consumer goods, creative industries, and medical technology, marking a key milestone in the bilateral economic partnership.
Over the long term, the economic pact is projected to expand bilateral trade by GBP 25.5 billion annually, while adding GBP 5.1 billion to India's Gross Domestic Product (GDP) and GBP 4.8 billion to the UK GDP each year. (ANI)

Tags

Related News

Canada eyes $70 billion trade with India in 5 years, says Trade Minister Maninder Sidhu
Business
Canada eyes $70 billion trade with India in 5 years, says Trade Minister Maninder Sidhu

<p>Milwaukee [US], October 2 (ANI): Canada and India are aiming to scale their bilateral trade from USD 30 billion to US...

Powering Maharashtra's trillion-dollar goal: Pranav Adani highlights Rs 6 lakh crore blueprint
Business
Powering Maharashtra's trillion-dollar goal: Pranav Adani highlights Rs 6 lakh crore blueprint

<p>Mumbai (Maharashtra) [India], October 2 (ANI): The Adani Group has reaffirmed its commitment to Maharashtra, outlinin...

Strengthening regulation, market reforms vital for India's energy security: Rajiv Gauba
Business
Strengthening regulation, market reforms vital for India's energy security: Rajiv Gauba

<p>New Delhi [India], October 1 (ANI): Former Cabinet Secretary and NITI Aayog member Rajiv Gauba has called for stronge...

PFRDA expects 2-3 crore new NPS subscribers over next two years
Business
PFRDA expects 2-3 crore new NPS subscribers over next two years

<p>New Delhi [India], October 1 (ANI):  Pension regulator PFRDA expects 2-3 crore new subscribers to join the National P...

Piyush Goyal holds bilateral meeting with Australia’s Trade Minister Don Farrell on G20 sidelines
Business
Piyush Goyal holds bilateral meeting with Australia’s Trade Minister Don Farrell on G20 sidelines

<p>Milwaukee [US], October 1 (ANI): Union Commerce and Industry Minister Piyush Goyal on Thursday (local time) held a bi...

US manufacturing index expands for ninth straight month, but price pressures surge in September
Business
US manufacturing index expands for ninth straight month, but price pressures surge in September

<p>Washington [US], October 1 (ANI): US manufacturing activity remained in expansion territory for the ninth consecutive...