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Mint
12 minutes ago
- Mint
India-UK FTA to boost bilateral trade for pharma, medtech, say industry bodies
The India-UK free trade agreement, signed on Thursday, is expected to open up new opportunities for Indian pharmaceutical and medical device makers. The deal is also expected to improve access to medical devices from the UK in India. Medical device manufacturers anticipate an increase in trade between the two countries but are awaiting clarity on non-tariff measures and on whether regulatory processes will be streamlined. 'Previously, medical devices imported into the UK were duty-free, so tariff restrictions were not an issue but regulatory approval costs and time were a challenge,' said Rajiv Nath, forum coordinator of industry body Association of Indian Medical Device Industry (Aimed). The body had previously sought recognition of regulatory approvals from the CDSCO or the Quality Council of India's voluntary Indian Certification for medical devices to fast-track approvals by the UK's Medicines and Healthcare products Regulatory Agency (MHRA). 'We look forward to an update on this,' said Nath. However, medtech manufacturers are also seeking strict monitoring of imports to India, to prevent other countries rerouting products into India through the UK. Mint had previously reported that domestic manufacturers raised concerns over the possibility of Chinese-origin products being routed through the UK to exploit the zero-tariff provisions under the FTA. India levies about 7.5% import duties on medical devices from the UK, which are expected to come down in a phased manner after the deal, Nath said. In 2024, medical device exports to the UK increased by 13% year-on-year to ₹ 1,015 crore, while imports from the UK rose 36% to ₹ 2,295 crore, according to Exim data. 'It not only strengthens trade ties but also opens new avenues for advanced technology collaborations between Indian and UK companies,' Himanshu Baid, managing director of Poly Medicure Ltd, said in a statement. 'With India exporting medical devices worth approximately $115 million to the UK, one of our top 10 export destinations, this agreement is poised to further boost our presence,' he added. The trade deal is also expected to open up the market for India's generic drugmakers. 'As per the indications, the pharma sector will have opportunities to supply affordable and quality assured medicine contributing to better patient care in the UK,' said Sudarshan Jain, secretary general of the Indian Pharmaceutical Alliance (IPA). 'We are awaiting further details to identify specific areas where these opportunities can be effectively leveraged,' he added. Generic players like Lupin, Biocon, Dr. Reddy's Laboratories and Wockhardt, which have exposure to the UK market, could stand to benefit.
New Indian Express
13 minutes ago
- New Indian Express
UK, India say no room for double standards on terrorism in Modi–Starmer talks
NEW DELHI: India and the United Kingdom on Thursday sent a strong, united message against terrorism, with both Prime Minister Narendra Modi and his British counterpart Keir Starmer agreeing that there can be no double standards in tackling extremism. Following a bilateral meeting at the Chequers Estate, Modi thanked Starmer for the UK's strong condemnation of the April terrorist attack in Pahalgam, Jammu and Kashmir, which claimed 26 lives. 'We are united in our view that there can be no place for double standards in the fight against terrorism,' Modi said. 'We also agree that forces with extremist ideologies must not be allowed to misuse democratic freedoms. Those who misuse democratic freedoms to undermine democracy itself must be held to account.' The statement, also seen as a veiled reference to pro-Khalistani activities abroad, comes amid growing Indian concern over threats to Indian diplomats and missions in the UK. Foreign Secretary Vikram Misri later said that India had raised the issue during the bilateral talks. Both sides reaffirmed their commitment to enhancing cooperation between their security agencies, including on the extradition of economic offenders, a longstanding demand from India involving several high-profile fugitives residing in the UK. The two leaders also discussed regional and global challenges. 'We exchanged views on peace and stability in the Indo-Pacific, the conflict in Ukraine, and the situation in West Asia,' Modi said. 'India supports the early restoration of peace and stresses that respect for the sovereignty and territorial integrity of all nations is essential. The demand of today's era is not expansionism, but developmentalism.' Modi also expressed condolences for British nationals who died in last month's Air India crash in Ahmedabad. The meeting, which included a private one-on-one between the leaders, also laid the foundation for a long-term bilateral agenda. A 'Vision 2035' roadmap is being drafted to energize the India–UK Comprehensive Strategic Partnership over the next decade, spanning trade, defence, clean energy, and technology cooperation.
Time of India
13 minutes ago
- Time of India
School Assembly news headlines for today July 25, 2025: From sports to education, check 20+ national & international news
School Assembly news headlines for today July 25, 2025: Good morning students and teachers! Today, July 25, 2025, brings a mix of important news headlines for our school assembly that cover sports, education, and various national and international events. Highlights include the historic signing of the India-UK Free Trade Agreement aimed at boosting trade and defence cooperation, a Supreme Court directive impacting ongoing legal trials, weather concerns with a significant 29% deficit rainfall in Sikkim, and a tragic plane crash near Tynda involving 49 people. In sports, India's Olympic preparations advance with key appointments and milestones. Stay tuned as we explore more than 20 crucial updates to keep us informed and engaged in today's world. Today's national news headlines in English for school assembly, July 25, 2025 India and the U.K. sign a historic Free Trade Agreement, strengthening economic ties between both countries. Vice-President Jagdeep Dhankhar resigns; BJP begins search for the next Vice-President, considering party insiders. 183 technical issues reported by five Indian airlines this year, while over 100 Air India pilots went on leave following the AI171 crash. The Karnataka High Court halts the deportation of a Russian woman's children, citing child rights in the Gokarna cave case. JD(U) Member of Parliament receives a show-cause notice for comments against SIR, causing embarrassment to the party. Today's international news headlines in English for school assembly, July 25, 2025 Thai and Cambodian soldiers clash near a disputed border, escalating tensions in the region. Qatar strengthens humanitarian support to Gaza, ramping up medical aid and food supplies. UN's top court issues a significant advisory opinion, recognizing a 'clean, healthy, and sustainable environment' as a human right. United States State Department investigates Harvard's participation in the exchange visitor program to ensure regulatory compliance. UK regulator seeks special status for Apple and Google, which could require Big Tech companies to change their mobile ecosystems for fairer competition. Today's sports news headlines in English for school assembly, July 25, 2025 Indian Olympic Association ratifies CEO Raghuram Iyer's appointment and forms an anti-doping panel amid a push for the 2036 Olympic bid. Rishabh Pant becomes the first wicketkeeper to score 1,000+ Test runs in an away country, achieving this milestone during the fourth England Test despite a foot injury. Divya Deshmukh defeats a former world champion to become the first Indian woman to reach the Candidates' tournament in the FIDE Women's World Chess Cup. FIDE allows the Russian team to participate under a neutral flag in the 2025 Women's World Team Championship, sparking a worldwide debate on neutrality in sports. India's sports market is valued at $52 billion and is projected to grow at a 10–12% CAGR to 2030, with strong government support and rising fitness interest fueling the sector. Today's education news headlines in English for school assembly, July 25, 2025 Over 109,000 vacancies announced in Central Armed Police Forces, with major ongoing recruitment drives for students and job seekers. Andhra Pradesh EAPCET Round 1 seat allotment results declared, affecting thousands of engineering aspirants. Authorities seize more than 470,000 pirated NCERT textbooks to combat educational content piracy across states. PayPal integrates UPI through its new PayPal World platform, facilitating smoother international education payments for Indian students. Many schools remain closed in several states, including Uttar Pradesh, Tamil Nadu, Telangana, and Andhra Pradesh, because of festivals and heavy rainfall alerts. Today's state news headlines in English for school assembly, July 25, 2025 India and the U.K. sign Free Trade Agreement; both nations hail it as a historic step to strengthen bilateral relations. Over 183 technical issues reported by Indian airlines in 2025; Air India pilots' leave post-AI171 crash under scrutiny. BJP initiates search for the next Vice-President after Dhankhar's resignation; senior party insider likely to take the position. IMD issues heavy rainfall alerts for multiple states; Sikkim records 29% shortfall while Gyalshing witnesses the highest rainfall. Amarnath Yatra records over 3.42 lakh pilgrims in 21 days, as a new batch leaves from Jammu amidst tight security. Top business and economic news headlines for July 25, 2025 Sensex drops 542 points while Nifty slips below 25,100 as banking and IT stocks face selling pressure; market remains volatile. Tata Sons Chairman N Chandrasekaran's compensation rises 15% to ₹156 crore in FY25. Indian Bank posts a 24% jump in Q1 net profit driven by improved asset quality. India's corporate bond market hits a record ₹10 trillion in issuances in 2025, signaling robust capital-raising activity. Infosys reports strong sequential quarterly revenue growth, raises FY26 constant currency revenue growth guidance to 1–3% on the back of major deal wins. Daily word and thought of the day for school assembly, July 25, 2025 For the school assembly on July 25, 2025, here are the daily word and thought of the day: Word of the Day: Castigate (verb) – To reprimand someone severely or to criticise harshly. Thought of the Day: "Constructive criticism, when given with kindness, helps us grow stronger and wiser. Let us welcome feedback as a tool to improve ourselves every day." For more informative articles on historical and upcoming events from around the world, please visit Indiatimes Events.
