Onlykashmir.in News Desk
The India-UK Comprehensive Economic and Trade Agreement officially came into force on July 15, expanding market access for businesses in both countries and setting the stage for what industry experts describe as a substantial boost to bilateral commerce over the coming years.
Chairman of the Indian Biogas Association, Gaurav Kedia, said the agreement opens new opportunities for Indian industries across both goods and services, adding that it provides a cleaner pathway for cooperation in energy and green finance. His comments point to expectations that the pact will benefit not just traditional export sectors but also emerging clean-energy industries seeking access to British capital and technology.
ASSOCHAM Chief Economist S P Sharma said the agreement, which took effect Wednesday, is projected to help bilateral trade reach approximately 120 billion dollars over the next five years. He noted that several sectors remain underexplored, and that better coordination between industry bodies and government agencies in both countries could accelerate the pace of trade growth beyond current projections.
The agreement’s entry into force marks the culmination of years of negotiation between New Delhi and London, and is being viewed by trade analysts as one of the more significant bilateral economic pacts India has concluded in recent years. By expanding tariff concessions and market access provisions, the deal is expected to benefit a wide range of Indian export sectors, from textiles and pharmaceuticals to services and renewable energy equipment, while giving British firms greater access to India’s rapidly growing consumer and industrial markets.
Beyond immediate trade volumes, officials and economists have pointed to the agreement’s potential to support green finance flows and clean energy collaboration, areas where both countries have signalled shared priorities. The Indian Biogas Association’s endorsement in particular reflects growing interest from renewable energy industry bodies in leveraging the pact for cross-border technology partnerships and investment.
With the agreement now legally in effect, attention is expected to shift toward implementation, including how quickly businesses on both sides can operationalise the new tariff structures and regulatory alignments to translate the deal’s promised gains into measurable trade growth.
