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India & UK Set New Trade Vision in Mumbai - Ministers Aim to Double Trade by 2030 with CETA Push
India and the UK are entering a new era of economic cooperation. In Mumbai, Commerce Minister Piyush Goyal and UK Business Secretary Peter Kyle agreed to accelerate the India–UK Comprehensive Economic and Trade Agreement (CETA). The two nations will now reposition JETCO to oversee its rollout, target doubling trade by 2030, and build resilient global supply chains through advanced manufacturing, clean energy, digital trade, and services.
India & UK Strengthen Economic Partnership in Landmark Mumbai Meeting
Mumbai, 8 October 2025 - India and the United Kingdom took a decisive step towards redefining their trade and investment relationship. In a high-level bilateral meeting, Union Minister of Commerce & Industry Shri Piyush Goyal and UK Secretary of State for Business & Trade Rt. Hon. Peter Kyle laid the groundwork for faster implementation of the India–UK Comprehensive Economic and Trade Agreement (CETA) - a move expected to reshape bilateral economic ties.
JETCO Repositioned to Drive Implementation
One of the key outcomes of the meeting was the decision to reposition the Joint Economic and Trade Committee (JETCO) as a dynamic platform to oversee and monitor CETA’s rollout.
Both sides emphasised a results-driven, time-bound approach to ensure smoother execution, enabling businesses and consumers in both nations to enjoy tangible benefits.
“Our goal is clear - to deliver growth, jobs, and innovation through collaboration,” said Shri Piyush Goyal.
Secretary Kyle described the deal as “the best ever secured with India,” opening new opportunities for British industries in India’s fast-growing market.
Goal: Double Bilateral Trade by 2030
Both countries reiterated their shared ambition to double bilateral trade by 2030. The roadmap focuses on:
- Advanced Manufacturing & Digital Trade
- Clean Energy & Infrastructure
- Professional & Financial Services
- Supply Chain Integration & Innovation
By removing non-tariff barriers and enhancing regulatory cooperation, India and the UK plan to boost cross-border trade and investment, while supporting startups, MSMEs, and innovators on both sides.
Sectoral Roundtables & CEO Forum: Building Industry Bridges
Ahead of the ministerial talks, a series of sector-specific roundtables brought together key industry voices across priority sectors - including manufacturing, consumer goods, food and drink, innovation, construction, clean energy, IT, and education.
The discussions helped identify actionable insights and new partnership models.
The India–UK CEO Forum, co-chaired by top business leaders, further enriched the dialogue. CEOs discussed emerging trade opportunities, investment flows, and technological collaboration - highlighting how CETA could transform bilateral business dynamics.
Shared Global Vision: Building Resilient Supply Chains
During the meeting, both Ministers reflected on the evolving global trade landscape. They recognised the urgency of building resilient, diversified supply chains amid ongoing global uncertainties.
- India showcased its role as a “growth engine of the global economy”.
- The UK reaffirmed its commitment to fostering sustainable, innovation-driven partnerships.
Business Plenary Concludes on a High Note
The day ended with a business plenary session, attended by leading CEOs, trade representatives, and investors from both countries. The mood was optimistic, with participants calling the meeting a “turning point” in India–UK trade relations.
Both sides pledged to build a modern, inclusive, and sustainable partnership, unlocking opportunities in trade, technology, climate solutions, and entrepreneurship.
Editorial Take
This Mumbai meeting wasn’t just diplomatic optics - it marks a strategic shift toward action-oriented economic cooperation. With CETA at the centre, India and the UK are setting the stage for a decade of growth, innovation, and shared prosperity.
Keywords: India UK trade deal, India UK CETA, Piyush Goyal Peter Kyle, India UK business partnership, India UK trade 2030, India UK investment
Category: International Trade / Business News
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