UKIBC Press Statements Ahead of PMs Boris Johnson & Narendra Modi’s Bilateral Talks


The UK India Business Council (UKIBC) welcomes the news that PM Modi and PM Johnson will meet virtually tomorrow to deepen cooperation between our two countries, including on combatting COVID.

While the pandemic has to be the immediate priority, it is encouraging that the Prime Ministers are working together now on medium – and long-term priorities such as climate action, healthcare, defence and security, and trade and investment.

Trade and Investment

The trade and investment partnership is particularly important, and the UKIBC hopes that the meeting tomorrow will provide more details of the Enhanced Trade Partnership initiated by Piyush Goyal, Minister of Commerce and Industries, and his UK counterpart, Liz Truss, Secretary of State for International Trade.

Our two countries are starting from a position of strength. UK-India trade grew by 10 percent to GBP 24 billion in the year before the pandemic. India is the second largest investor in the UK and, over the last decade, the UK has been the second fastest growing G20 investor in India.

Nevertheless, there is great potential to do even better. The UK and India are the 5th and 6th largest economies in the world, they are both growing, and there is great complementarity between them.

Businesses are looking forward to the Governments implementing an Enhanced Trade Partnership that addresses market access barriers in the short- and medium-term and begins the journey to an eventual Free Trade Agreement.

With our economies growing and the barriers reducing, we at the UKIBC expect to see a step-change in the volume and nature of the trade and investment relationship. Alongside the reduction and removal of tariffs and non-tariff barriers to goods trade, it is important that the ETP recognises the critical importance, to both countries, of knowledge- and technology-driven trade, such as digital, data, and financial services.

By reducing tariff and non-tariff barriers, including the alignment of standards, the benefits will be felt across many sectors, most notably digital and ICT, food and drink, defence, healthcare and pharma, and advanced manufacturing.

The Enhanced Trade Partnership is therefore important – it will create jobs and prosperity in both countries, and we at the UKIBC look forward to supporting the implementation of the ETP on this exciting and important journey to an FTA.

COVID recovery and healthcare

The UK and India have cooperated and supported each other consistently throughout the COVID-19 pandemic: in the UK’s first wave the export of pharmaceuticals and PPE from India helped to save lives, the Oxford University-Astra Zeneca vaccine manufactured in Pune is one of the world’s leading vaccines, and now the UK is supporting the second wave in India through the export of oxygen concentrators, mobile oxygen factories, and ventilators. Friends and partners support each other in challenging times, and the UKIBC is delighted to be playing a role in sourcing UK suppliers of these life-saving items.

It is important that this collaboration sustains and evolves after the pandemic. It will bring solutions to our countries’ own healthcare challenges and, given the exciting R&D work going on in the UK and India and the drug manufacturing capability in both countries, the UK and India could provide solutions to support global problems. Together, we can lead the world on R&D and production, combining the best of our medical technology – including digital and AI – and our drug discovery capabilities.

The UKIBC welcomes that the UK-India 10-year roadmap, trailed by the countries’ Foreign and External Affairs Ministers in December 2020, includes healthcare as one of the five priorities for the bilateral partnership. We look forward to supporting businesses to make a difference to the health and well-being of the UK and Indian people.

Climate Change

The inclusion of climate change as a priority in the 10-year UK-India road map, trailed by the Foreign and External Affairs Ministers in December 2020, shows just how important the issue is and just how important the UK and India are in the fight against climate change.

The role of business will be crucial to the fight through investments, innovation, and research and development to create solutions to mitigate and adapt to our changing environment.

Tech-rich UK businesses are keen to collaborate with their Indian counterparts in a wide range of areas, including waste to energy, solar, wind, electric vehicles and associated infrastructure, and in hydrogen.

We at the UKIBC look forward to further details of the governments’ collaboration plans and look forward to supporting by bringing businesses that can help both countries achieve their climate goals.

Defence and Security

As India is the world’s third-highest military spender and its Government increased the FDI cap from 49% to 74% in 2020, there is significant scope for even more UK investments and UK-India co-creation of defence and aerospace technologies.

There is also increased collaboration between the armed forces of the two countries, with the UK’s new aircraft carrier HMS Queen Elizabeth and accompanying fleet set to be deployed on a maiden voyage to the Indian Ocean this month.

Beyond national security considerations, defence, aerospace and security are critical sectors for India’s industrial objectives as set out in Government’s Make in India and Atmanirbhar Bharat missions.

A flourishing Indian defence sector requires increased foreign technology transfer and foreign investment that will meet not just the needs of India but will also be exported to other countries.

UK businesses, like Rolls Royce, BAE systems, Babcock, MBDA and Thales are deeply committed to India. And the inclusion of defence and security as one of the priorities in the UK-India 10-year roadmap, announced by the Foreign and External Affairs Ministers in December 2020, will, we hope, greatly enable business to business activity.

Next Story

Handicraft Furniture setting a new trend in the interior and home décor industry

Handicraft Furniture setting a new trend in the interior and home décor industry

Furniture is one of the most prominent and significant aspects of any space. It adds a distinct depth and feel to the décor and enhances its beauty to the next level. Conventionally furniture was considered only as a side element while designing an interior. However, today the trend has changed; the limelight is on the furniture and furnishing elements. Young interior designers and architects are giving utmost importance to furniture and are heavily investing their time and efforts to get the best furniture for modern urban spaces.

Antique Handicraft Furniture

Saharanpur – the furniture city of India is renowned for its explicit patterns, wide motifs, and creativity. The city is home to some of the most skilled and proficient artisans and craftsmen. These creative enthusiasts are known for their attention to detail, intricate carving, and eye for perfection. The finishing and look of the furniture created in this city are beyond comparison. Craftatoz is one of the reputed furniture manufacturing companies in India. Established in the year 1989 in Saharanpur, the company has more than 300 trained and skilled workmen. The antique and eternal furniture created by Craftatoz sets the perfect symphony of texture and gives your space a stunning and grandeur appearance.

Furniture artefacts are one of the worthwhile investments. It not only augments the overall appearance of your room but also meticulously sets the whole ambience. The novelty and ethnic feel of antique furniture make it highly popular amongst the masses. The designers and interior decorators are hunting unique and exquisite antique furniture that connects one with the Indian roots. Craftatoz is one of its kind of handicraft furniture manufacturing company striving to preserve the Indian handicraft industry and introducing artistic handicraft furniture that is spectacular and awe-inspiring.

Preserving the art of Handicraft

Handicraft furniture online is a part of Indian heritage and culture from the Britishers time. Handicraft furniture speaks volumes about our rich history and love for art. Handicraft furniture is an integral part of our interiors and gives your premise an elegant touch. However, over the period of time with the introduction of modernization and machine-made furniture, the significance of handicraft furniture has been also affected to a great extent.  Furniture giants like Craftatoz are exerting themselves to promote the artisan’s talent and preserve the art of handicraft. They are bringing handicraft furniture to modern homes and preserving our legacy. Handicraft furniture is a seamless combination of modern art, style, and antiquity. They are unmatched and a true epitome of sophistication.

Handicraft furniture suits your décor and adds more splendor to it

The latest global trend in home furniture and decoration is Handicraft Furniture. Décor with the layer of Indian handicraft products and furniture creates an interesting décor and creates an impeccable melody of texture, color, fabric, styles, etc. Antique handicraft furniture in the form of mirrors, center table, jharokhas, Chandeliers, key holders, table lamps, corner tables, and much more. Handicraft Furniture is true alchemy of style and poise. They are an ideal fit for any modern urban or conventionally designed abodes. The handicraft wooden furniture celebrates luxury and creates a lavish feel.

The matchless collection of handicraft furniture

Handicraft furniture is never outdated. They are timeless and always in fashion. Other furniture styles may come and go but the love for Indian handicraft and artistic furniture is increasing at an enormous rate. A true lover of Indian culture and exclusive products is sure to get impressed by the sumptuous range of handicraft furniture offered by Craft atoz. The handicraft furniture can truly revamp your furniture and add a gleam to your interiors. Handicraft furniture is available in size, style, and pattern. The availability of premium grade handicraft furniture collection has led to an immense increase in the demand and utility of the same. Interior designers and décor experts are incorporating handicraft furniture to create a comprehensive mood of the space and give it a cutting-edge.

Taking furniture industry to newer heights

Like every industry, the furniture industry has also witnessed several ups and downs. The trends in the furniture industry are ever-evolving. There are continuous introductions and upgrades in this sector. However, the heart of the furniture segment is still ‘Handicraft Furniture’ the simplicity, quirkiness, antique touch, regal patterns and immersive feel of handicraft furniture still continue to mesmerize everyone with its grandeur and sheer opulence.

Handicraft furniture is at the pedestal and gaining substantial attention worldwide. They are widely acknowledged as one of the most reputed, credible, and authentic Indian art forms. The handicraft furniture reflects the legacy of the country and opens new avenues for Indian craftsmen and artefacts. Craftatoz with an aim to provide these artists global exposure and widespread Indian culture to every corner of the world brings a well-thought, finely detailed range of handicraft furniture that creates the cult and sets new milestones in the world of online furniture.