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PM Modi to inaugurate Chenab bridge, flag off Vande Bharat trains in J&K on June 6

PM Modi to inaugurate Chenab bridge, flag off Vande Bharat trains in J&K on June 6

Deccan Herald3 days ago

A PMO statement said Modi will launch multiple development projects worth over Rs 46,000 crore at Katra, the home to the Mata Vaishno Devi temple.

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In his opening remarks at the meeting with Lammy, Jaishankar thanked the UK government for the strong condemnation of the 'barbaric terrorist attack' in Pahalgam and its support to India in the fight against terror. 'We practice a policy of zero tolerance against terrorism and expect our partners to understand it, and we will never countenance perpetrators of evil being put at par with its victims,' he said. Lammy responded by referring to the 'horrific terrorist attack' and said Prime Minister Starmer had asked him to convey the 'deep condolences of the UK and a hand of friendship with India and support as we deal with the terrorism threat in a comprehensive manner'. Jaishankar described the finalisation of the FTA and double contribution convention as a milestone that will boost two-way trade and investment and have a 'positive effect on other strategic aspects' of bilateral relations, besides strengthening supply and value chains. 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Lammy also focused on the migration partnership, including 'work on safeguarding citizens and securing borders in both countries'. The readout added, 'Addressing migration remains a top priority for the government - the Foreign Secretary is focused on working internationally with global partners to secure the UK's borders at home.' Lammy's visit would also prepare the grounds for a visit by Starmer to India for the formal signing of the FTA. Both countries are currently involved in the legal scrubbing of the FTA, a process expected to be completed in three months. During 2023-24, India was the UK's second largest source of investments in terms of number of projects for the fifth consecutive year. India was the UK's 11th largest trading partner in 2024, accounting for 2.4% of total British trade, and two-way trade in goods and services was worth nearly $57 billion in 2024. The FTA is expected to increase bilateral trade by $34 billion a year from 2040. Within a decade of the deal being implemented, 85% of British products will become tariff-free in India. Indian tariffs on alcohol will be cut from 150% to 75%, falling to 40% by the 10th year of the deal. India will also cut automotive tariffs from more than 100% to 10%. The UK too has agreed to cut its tariffs and 99% of India's exports to Britain will face no duties.

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