PD Singh, CEO, India & South Asia, Standard Chartered Bank
“Our congratulations to the Governments of India and UK on the signing of the UK-India FTA, a testament of concerted efforts by both countries. This significant development will provide a timely acceleration to an already growing partnership between two leading economies in the world. The agreement is important, considering global business headwinds buffeting economies across the globe. Lowering of trade barriers and increased market access across several industries such as financial services, automobiles, pharmaceutical and infrastructure will enable greater flow of coveted goods and resources across the two markets, increase exports and imports, create necessary jobs, drive consumer demand, bring investments and add to GDP. The FTA is progressive in the way it has addressed new age ecosystems and aspirations and opens new vistas of investments and trade for UK businesses, looking to tap into one of the fastest growing economies in the globe. The positive impact of this FTA will continue to grow over time, greatly benefiting both nations.”