Commerce and Industry Minister Piyush Goyal said on Friday that the India-UK Comprehensive Economic and Trade Agreement (CETA) will provide an opportunity to deepen investments, accelerate technology partnerships and build resilient supply chains, while creating an enabling environment for businesses in both countries to expand.

During his visit to London, Goyal held a meeting with a delegation led by Nicola Grady-Smith, Chief Transformation Officer at Rolls-Royce, and discussed India's growing role as a global hub for advanced manufacturing and engineering.

The minister said the discussions focused on the opportunities emerging from the India-UK trade agreement, which he said could help deepen investments, accelerate technology collaborations and build resilient supply chains that benefit both countries.

"Held a productive meeting with a delegation led by Nicola Grady-Smith, Chief Transformation Officer at Rolls Royce. Exchanged views on how India is rapidly emerging as a global hub for advanced manufacturing & engineering," he said in a post on social media platform X.

Goyal also met Vivek Ramachandran, Head of Global Trade Solutions at HSBC, to discuss the potential impact of the India-UK CETA on businesses and trade flows.

According to the minister, the agreement would create an enabling environment for companies to expand their operations and access new markets. He highlighted the importance of financial institutions in facilitating cross-border trade and investment.

"Good meeting with Vivek Ramachandran, Head of Global Trade Solutions at HSBC. Discussed how the India-UK Comprehensive Economic and Trade Agreement (CETA) will create an enabling environment for businesses to expand," he stated.

Goyal said banks and financial institutions would play a crucial role in helping businesses navigate new markets through stronger trade finance mechanisms and enhanced cross-border banking solutions.

"Highlighted the vital role financial institutions will play in helping businesses navigate new markets through stronger trade finance & cross-border banking solutions," Goyal added.