Goyal, speaking hours after Liz Truss announced her resignation as Britain's PM, said India will "wait and watch" the situation following the change in British leadership.
Although the reason for delay wasn't clear, previous sticking points have included a steep import duty on British whiskey and India's demand for more visas for students and businesses.
UK Home Secretary earlier this week said Indian migrants constitute largest group of foreigners who overstay their visas. Both sides ‘interested’ in concluding talks for FTA, says MEA.
If New Delhi is offering tariff cuts on liquor, London must remove non-tariff barriers on Indian exports, says Vinod Giri of the Confederation of Indian Alcoholic Beverage Companies.
Dismantling ‘tariff walls’ for easier access into the Indian markets is expected to be biggest challenge for govt’s FTA push, something that has haunted past administrations too.
I.P. Suresh Menon of International Spirits & Wines Association of India said it's seeking an immediate reduction in duty on alcohol, which could make Scotch whisky in India cheaper.
FTA will seek to address bilateral issues to create a robust system of trade, Richard Heald, executive chair of the UK-India Business Council, tells ThePrint in an interview.
India and the European Union need to enhance trade and investment partnership, says French Ambassador Emmanuel Lenain who also suggests New Delhi to look beyond the UK
PM Modi & British PM Boris Johnson set Diwali deadline to conclude talks for Free Trade Agreement & affirmed zero tolerance for extremism, particularly Khalistani groups in UK.
On two-day visit to India, Boris Johnson will first meet dairy industry representatives in Gujarat, before holding bilateral summit with PM Modi in New Delhi.
The Beckhams have had the sleekest, unassailable PR game in celebrity town. And much of it rests on their carefully curated social media image, especially on Instagram.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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