Did Ashish Kumar Chauhan Feel Honoured to Witness the India-UK Free Trade Pact Signing?
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Synopsis
Witnessing the signing of the India-UK Free Trade Agreement is a significant milestone, as expressed by Ashish Kumar Chauhan, MD and CEO of NSE. This momentous event, attended by PM Modi and Keir Starmer, marks the beginning of a new era in trade relations. Discover the implications of this FTA for global trade.
Key Takeaways
- A historic agreement was signed between India and the UK on July 24, 2025.
- This FTA is a stepping stone for future trade pacts.
- Negotiations lasted for 3-4 years.
- Support from both UK political parties for the FTA is notable.
- India aims to strengthen ties with other global partners.
London, July 26 (NationPress) Ashish Kumar Chauhan, the MD and CEO of the National Stock Exchange (NSE), expressed his deep honour in witnessing the signing of the Free Trade Agreement between India and the UK, alongside Prime Minister Narendra Modi and his UK counterpart Keir Starmer. Chauhan stated, “It is a privilege to be part of this historic moment on July 24, 2025, at the residence of the UK Prime Minister, Chequers, just outside London.”
He noted that this milestone agreement signifies the potential for more trade pacts in the near future under PM Modi’s leadership, a sentiment he voiced earlier on Friday.
In an interview with IANS, Chauhan revealed that discussions regarding the India-UK FTA have been in progress for the past three to four years.
“When negotiations began 4–5 years ago, the UK was governed by a Conservative administration. Despite subsequent regime changes, the support from both Conservative and Labour parties for finalizing the FTA is commendable,” he highlighted.
Chauhan believes that the India-UK FTA will serve as a foundation for numerous trade agreements with other nations, including the US, the EU, and Japan, in the foreseeable future.
India and the EU are targeting a free trade deal by the end of 2025.
The upcoming months are pivotal for India’s international trade relations, as the government strengthens negotiations with significant partners like the EU and the ASEAN bloc, while discussions with the US also gain momentum.
“The world has witnessed remarkable progress in India over the past 11 years under PM Modi's leadership, and this FTA promises a brighter future for numerous industries,” concluded the NSE CEO.
Point of View
The signing of the India-UK Free Trade Agreement represents a significant step forward in strengthening bilateral relations. It underscores India's commitment to expanding its global trade network and enhancing economic cooperation. This move is crucial for India's future economic landscape.
NationPress
27/07/2025
Frequently Asked Questions
What is the India-UK Free Trade Agreement?
The India-UK Free Trade Agreement is a pact aimed at enhancing trade relations between India and the United Kingdom, fostering economic cooperation and opening new market opportunities.
Who attended the signing of the FTA?
The signing ceremony was attended by Prime Minister Narendra Modi of India and Prime Minister Keir Starmer of the UK, alongside Ashish Kumar Chauhan.
How long were the discussions for the FTA?
Discussions for the India-UK Free Trade Agreement spanned approximately three to four years.
What are the potential benefits of the FTA?
The FTA is expected to enhance trade relations, create new business opportunities, and foster economic growth in both countries.
What are the future trade negotiations India is pursuing?
India is actively pursuing trade negotiations with several partners, including the EU and the ASEAN bloc, along with ongoing discussions with the US.
