Overview

• Airbus and Rolls-Royce will begin delivering aircraft and Trent XWB engines to major Indian airlines under a £5 billion contract secured in the inaugural phase of the pact.
• International Aerospace Manufacturing Private Limited, the Rolls-Royce–HAL joint venture, has committed £30 million to expand its Hosur manufacturing plant under the agreement’s incentives.
• Twenty-six British companies have clinched new contracts in India and 18 Indian firms have pledged investments in the UK spanning chemicals, agri-tech and digital services.
• Carbon Clean unveiled a £7.6 million investment in a Global Innovation Centre in Mumbai and medical technology firm Occuity signed a £74.3 million export deal with India’s Remidio for handheld eye scanners.
• The UK Trade Department projects nearly £6 billion in new investments and exports, a £4.8 billion annual GDP boost and creation of 2,200 UK jobs by 2030 under the free trade agreement.