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India-UK BIT yet to be finalised
Business Standard
|May 07, 2025
Also, the benefits from the pact to Indian companies and employees may exceed ₹4,000 crore.
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The negotiated document will now go through a legal scrubbing and clearance from both governments before it is signed.
However, the contentious bilateral investment treaty (BIT) between both the countries could not be finalised as both sides have struggled to iron out differences over time period for dispute resolution and inclusion of taxation in the pact.
For the UK, the FTA with India is the "biggest and the most economically significant" deal since it has been attempting to build a post-Brexit trade relationship with the world. For India, this is by far the most comprehensive deal it has signed with any major developed nation.
The timing of the FTA is crucial since discussions for an early tranche of a trade deal between India and the US are also gaining momentum.
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