Subtitle:
Prime Minister hails agreement as a step forward for industry and healthcare affordability
News Report:
Prime Minister Narendra Modi has highlighted the benefits of the much-anticipated India-UK trade agreement, calling it a significant milestone for Indian industries and consumers alike. The deal, which has been under negotiation for months, is set to deliver major advantages to India’s textile, gems, and jewellery sectors, while also bringing down the cost of medical devices for Indian buyers.
According to PM Modi, the trade pact will open up greater market access for Indian manufacturers in the United Kingdom, particularly in the traditional sectors of textiles and handcrafted jewellery, which are among India’s largest export earners. He expressed confidence that the deal would strengthen small and medium-sized enterprises (SMEs) and generate more employment opportunities.
Equally noteworthy, the Prime Minister pointed out, is the impact the deal will have on India’s healthcare sector. With lower tariffs and easier import norms on medical equipment, hospitals and clinics across the country are expected to gain access to affordable, high-quality devices, potentially improving the quality of care for millions.
The trade deal also includes cooperation in technology, pharmaceuticals, and education, making it one of the most comprehensive agreements signed between the two nations in recent years.
The announcement has been welcomed by industry leaders and economic analysts, who believe this could mark a new phase of economic partnership and mutual growth between India and the UK.