26 UK companies will invest in India, Airbus-Rolls Royce will send aircraft-engines worth five billion dollars

India and Britain signed a free trade agreement (FTA) on Thursday. This agreement signifies strengthening the relationship between the two countries and marks the start of a new era in trust and trade. However, the effects of the agreement are already beginning to show. For example, 26 major British companies are now ready to invest in India and expand their businesses. These include aircraft manufacturer Airbus and engine maker Rolls Royce.

These two companies plan to sell aircraft and engines worth about five billion dollars (around Rs 42,000 crore) to India soon. This will introduce new, modern aircraft to Indian aviation companies, and also create new jobs in Britain.

Among these companies ready to invest in India, one is Carbon Clean, which focuses on technology to reduce pollution from factories and industries. They aim to bring green technology to India.

Another company, Oquity, a health tech firm, also wants to invest in medical services and equipment in India. Johnson Matthey is working on technologies related to chemicals and batteries, with plans to produce green chemicals in India. Additionally, Marcus Evans, an event management and business consulting firm, aims to expand its business in India.

The free trade agreement between India and Britain will add a new dimension to their trade relationship. The benefits for India include access to new technologies, job opportunities, and investments from major companies. For Britain, it means access to a large market and economic benefits from selling its products. Overall, this agreement is likely to be beneficial for both countries, boosting trade and creating new employment opportunities.