India Hosting G-20 and UK's Approach to Trade:
India's hosting of the G-20 signifies its global prominence and commitment to international cooperation.
The United Kingdom values trade for growth and prosperity and advocates for free and fair trade globally.
The UK is pursuing trade deals with thriving economies like India and focuses on collaboration for global trade improvements.
Potential of the UK-India Trade Relationship:
The growing Indian middle class, predicted to reach 250 million by 2050, offers substantial opportunities for UK businesses.
The UK and India already have a strong trading relationship, with a trade worth £36 billion in 2022.
India remains the UK's second-largest source of investment projects, with 118 new projects creating jobs.
Bilateral Investment and Trade:
The UK is India's sixth-largest investor, with $34 billion foreign direct investment between 2000 and 2023.
Around 618 UK companies in India generate approximately $50 billion turnover and employ nearly 466,640 people.
Progress Towards a Free Trade Agreement (FTA):
Discussions are ongoing for an ambitious Free Trade Agreement (FTA) to enhance bilateral trade relations.
Complex talks involve areas like goods, services, and investment, aiming for a mutually beneficial agreement.
Strengthening UK-India Partnership:
Beyond trade, the UK and India share a robust partnership in culture, sports, education, and tourism.
The concept of a 'living bridge' between the nations is highlighted, evidenced by the shared affinity for Bollywood.
A significant Indian diaspora of over 1.6 million contributes to various aspects of life in the UK.
'Alive with Opportunity' Marketing Campaign:
The UK launches a £1.5 million marketing campaign called 'Alive with Opportunity' to highlight the strong UK-India bond.
The campaign aims to showcase cultural, trade, business, and sporting connections between the two countries.
The objective is to stimulate interest in UK goods and services, promote trade growth, and attract Indian investment.
Future Focus and Celebrating Opportunities:
The campaign will emphasize the thriving relationship between the UK and India through various media platforms.
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