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26 UK companies will invest in India, Airbus-Rolls Royce will send aircraft-engines worth five billion dollars
India-UK FTA: 26 UK companies are ready to take advantage of the free trade agreement between India and Britain. These include aviation company Airbus and luxury car manufacturer Rolls-Royce. Both these companies are going to export aircraft and engines worth $ 5 billion to Indian aviation companies in the coming days. While this will ensure the supply of aircraft and engines to India, new jobs will be created in Britain.
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.
