UK and India Agree Trade Deal Valued at £6 Billion

Today, the UK and India have agreed a trade deal valued at £6 billion, which the UK Government promised will deliver 2200 jobs and a £4.8 billion boost to GDP each year.

The deal delivers new business opportunities to UK companies in aerospace, technology and advanced manufacturing, as well as reducing tariffs on consumer goods imported from India.

Dr Liz Cameron CBE, Chief Executive, Scottish Chambers of Commerce, said:

“This landmark UK-India trade deal is a huge win for our Chamber Network and the wider business community. India is a key growth market, and this agreement opens the door for Scottish exporters, investors, and innovators to scale their ambitions. With reduced trade barriers and fresh investment flows, businesses across Scotland can now seize new opportunities, create jobs, and build lasting partnerships in one of the world’s fastest-growing economies. This is the kind of international cooperation that drives real economic progress.”

Poonam Gupta OBE, Vice-President SCC and Founder of PG Paper, said:

“This deal marks a new chapter in the UK’s relationship with India and Scotland is ready to play a leading role. As an entrepreneur with roots in both nations, I know first-hand how powerful cross-border collaboration can be. This agreement will accelerate innovation, investment, and enterprise, and strengthen the historic cultural and economic ties between Scotland and India. It sends a strong signal that global ambition and growth go hand in hand.”

Read the full UK Government press release here.