India-UK Vision 2035: Enhanced market access in the UK for Indian textiles, footwear, gems and jewellery, seafood, and engineering goods; The agreement will be especially beneficial for India’s youth, farmers, fishermen, and the MSME sector.
FinTech BizNews Service
Mumbai, July 24, 2025: Prime Minister Shri Narendra Modi and Prime Minister of the United Kingdom, Rt. Hon. Sir Keir Starmer today welcomed the signing of the historic India-UK Comprehensive Economic and Trade Agreement (CETA), which will raise the Comprehensive Strategic Partnership to a new level, while significantly enhancing bilateral trade, investment, economic collaborations and job creation in both economies.
PM Narendra Modi and the Prime Minister of the United Kingdom, Mr. Keir Starmer in a group photograph with business leaders during the business event at London, in England on July 24, 2025.
The following documents were signed/adopted by the two sides during the visit:
● Comprehensive Economic and Trade Agreement [CETA]
● India-UK Vision 2035
● Defence Industrial Roadmap
● Statement on Technology and Security Initiative
● MoU between Central Bureau of Investigation, India and National Crime Agency of UK
Double Contribution Convention
The two sides have also agreed to negotiate a Double Contribution Convention, which will come into effect along with the CETA and will facilitate professionals and service industry in both countries by promoting competitiveness and reducing the cost of doing business for commercial entities. Noting the growing collaboration in the fields of capital markets and financial services, Prime Minister Modi underlined that the two sides could work to promote greater interaction between GIFT City in Gujarat, India’s first international financial services centre, and UK’s vibrant financial ecosystem.
India-UK Vision 2035
The two leaders reviewed the entire gamut of the bilateral relationship and adopted the India-UK Vision 2035. The Vision 2035 document will infuse greater ambition and renewed momentum in the Comprehensive Strategic Partnership by steering the relationship for the next ten years in key areas of economy and growth, technology, innovation, research and education, defence and security, climate action, health and people-to-people ties.
Defence Industrial Roadmap
The two leaders also welcomed the finalization of a Defence Industrial Roadmap to promote collaboration in co-design, co-development and co-production of defence products to meet the growing demand in both countries as well as for the world market. Welcoming the regular engagement of armed forces of the two countries, they expressed satisfaction at the deepening defence and security partnership.
Collaboration in new and emerging technologies
The two leaders expressed satisfaction at the growing collaboration in new and emerging technologies and called for accelerated implementation of the Technology and Security Initiative (TSI), which focuses on telecom, critical minerals (or "critical raw materials" CRM), AI, biotechnology and health technology, semiconductors, advanced materials and quantum. The TSI completed one year today.
Partnership in the education
The two Prime Ministers also welcomed the growing partnership between India and the UK in the education sector, with six UK universities working to open campuses in India under the New Education Policy (NEP). Southampton University which opened its campus in Gurugram on 16 June 2025, is the first foreign university to open its campus in India under the NEP.
Contribution of the Indian diaspora
Both sides acknowledged the valuable contribution of the Indian diaspora in the UK in the areas of academia, arts, literature, medicine, science, sports, business and politics. They agreed that this living bridge is a key pillar of the growth and development of India-UK relations.
