Thursday, October 9, 2025

Articles by Martin Shwenk Leade

3 articles found

Tariffs are now weapons, India won't bow to global pressure: Shivraj Singh Chouhan
Technology

Tariffs are now weapons, India won't bow to global pressure: Shivraj Singh Chouhan

ANIAgriculture Minister Shivraj Singh Chouhan Agriculture Minister Shivraj Singh Chouhan on Thursday stated that India will not compromise on its national interest amid a volatile geopolitical landscape where trade and tariffs are increasingly used as tools of power. He emphasised that the country must strengthen food security without depending on global markets.Speaking at the 120th Annual General Meeting of the PHD Chamber of Commerce and Industry, Chouhan noted that Prime Minister Narendra Modi has made it clear that while India embraces being a “global brother” and cares for the world, safeguarding national interest remains the highest priority.“Amid a volatile geopolitical situation where nations are in conflict, where trade and tariffs are treated as weapons, and where countries act at their own whims… in such circumstances, India must chart its own path. We will not bow to anyone’s pressure. Protecting our country’s interest is our duty, and it is essential for global peace. A responsible nation like India must rise,” he said.The minister stressed that agriculture remains vital, with 46 per cent of India’s population dependent on it for livelihood. Strengthening the sector is critical, even as efforts continue to reduce this dependency.“In the current situation, one cannot rely on the global market for food. Therefore, we have to become self-reliant,” Chouhan said.Live EventsRecalling India’s earlier dependence on American food aid under the PL480 programme, he noted the country’s progress. “There were times when a prime minister had to urge people to fast once a week. But now, 80 crore people receive free ration,” he said, adding that godowns are currently full with rice and wheat.Still, he emphasised the need to further strengthen agriculture to ensure both food security and farmers’ income.The government is working on six key fronts, with a special focus on raising productivity.“In rice and wheat, we are at the global average, but in pulses and oilseeds we lag. We must become self-reliant in pulses and edible oils,” he said.Chouhan highlighted that the Indian Council of Agricultural Research (ICAR) is developing better-quality seeds. Since genetically modified crops are not permitted in India, genome editing is being used to create hybrid seeds, with “encouraging success,” he added.He also underlined the importance of advancing mechanisation and food processing with small farmers in mind, saying everyone has a role to play in building a “Viksit Bharat”.With inputs from PTIAdd as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onIndia agriculturefood securityglobal marketsgeopolitical landscapeIndian Council of Agricultural Research (ICAR)tariffs (Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onIndia agriculturefood securityglobal marketsgeopolitical landscapeIndian Council of Agricultural Research (ICAR)tariffs(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories

India-UK deepen trade, economic ties as PM Modi-Keir Starmer unveil new pacts
Technology

India-UK deepen trade, economic ties as PM Modi-Keir Starmer unveil new pacts

ReutersBritish Prime Minister Sir Keir Starmer and Indian Prime Minister Narendra Modi walk through the gardens at Raj Bhavan on October 9, 2025 in Mumbai, India. Prime Minister Narendra Modi and his British counterpart Keir Starmer on Thursday reaffirmed their commitment to strengthening trade and strategic cooperation, signing a string of new agreements in Mumbai aimed at deepening economic ties, expanding education partnerships, and boosting defence and maritime collaboration between India and the UK.The leaders held a joint press conference at Raj Bhawan in Mumbai, where Starmer landed yesterday, for talks on trade and business with 125 of UK's most affluent industry leaders. “I welcome PM Starmer on his first India visit here in Mumbai.” He added that under Starmer’s leadership, “there has been significant progress in India-UK ties," Modi said.The Prime Minister further reflected on the landmark India-UK Free Trade Agreement (FTA) signed in July, noting, “This year in July, we agreed on a Free Trade Agreement between our two nations, paving way for a new trade chapter.”— narendramodi (@narendramodi) Live EventsIndia and UK are 'natural partners'The Prime Minister described India and the UK as “natural partners” and characterised the deepening partnership as “an example of stability in an uncertain world.”Education received a particular boost, with Modi confirming, “Nine UK universities to establish campuses in India,” adding that “GIFT city will host campuses of three UK universities.” Moreover, he reaffirmed defence and maritime ambitions, saying, “We are fully committed to enhancing maritime security cooperation in the Indo-Pacific region.”Starmer, in turn, acknowledged the significance of his first official visit to India, opening with a warm greeting: “Namaskar Doston.” The UK state head said he was “delighted to be making this visit just a few months after we signed the FTA between India-UK in Modi’s presence.”Starmer noted the importance of convening in India’s financial hub, stating, “It is significant that we are meeting in India's economic and financial capital; India's growth story remarkable.""We are building something here, we are creating a new modern partnership focused on the future and availing the opportunities and we are doing it together. That is why we struck the UK-India Comprehensive Economic and Trade Agreement (CETA) in July, a breakthrough moment - years in the making, slashing tariffs, increasing access to each other's markets to drive growth and create jobs for our people and making life in both our nations. Beyond the words of the page of the Agreement, is the spirit of the confidence that it has given to our two great countries to work even more closely together, something which we have seen during the course of this visit here," Starmer said.— narendramodi (@narendramodi) India enroute to become 'Viksit', Keir Starmer saysReflecting on the nation’s long-term trajectory, Starmer said, “Everything I see here is absolute proof that India on its way to become a 'Viksit Bharat' by 2047.”Starmer also stressed the scale of the UK delegation accompanying him: “UK's largest trade delegation in a decade has convened in India with me on my first visit.” The gathering, which includes leaders from industry, academia, and culture, aims to leverage the FTA to unlock new trade opportunities, investment, and joint ventures across sectors ranging from technology and finance to defence and education.The agreements signed on Thursday are expected to accelerate bilateral trade growth, support the establishment of UK university campuses across India, and reinforce cooperation in maritime security and defence technology.With India poised to become the world’s third-largest economy by 2028, the India-UK partnership is set to expand rapidly in the coming years, offering avenues for investment, technological exchange, and workforce development on both sides, Starmer said.India and the UK: Bilateral road aheadDuring Keir Starmer's visit to Mumbai, New Delhi and London agreed to work upon the following areas in 4 key sectors.Add as a Reliable and Trusted News Source Add Now! Technology and InnovationEstablishment of the India-UK Connectivity and Innovation Centre.Establishment of the India-UK Joint Centre for AI.Launch of Phase II of the UK-India Critical Minerals Supply Chain Observatory and establishment of a new satellite campus at IIT-ISM Dhanbad.Establishment of the Critical Minerals Industry Guild to secure resilient supply chains and promote green technologies.EducationHanding over the Letter of Intent for opening of the Campus of Lancaster University in Bengaluru.In-principle approval for opening of Campus of University of Surrey in GIFT City.Trade and InvestmentInaugural meeting of the reconstituted India-UK CEO Forum.Resetting the India-UK Joint Economic Trade Committee (JETCO) which will support implementation of the CETA and drive economic growth and job creation in both countries.A new joint investment in the Climate Technology Startup Fund, a strategic initiative under the MoU between the Government of the UK and the State Bank of India for supporting innovative entrepreneurs in sectors such as climate technology and AI. Climate, Health and ResearchLaunch of Phase-III of Bio-Medical Research Career Program.Establishment of the Offshore Wind Taskforce.Letter of Intent (LoI) between ICMR and NIHR, United Kingdom on Health Research.(You can now subscribe to our Economic Times WhatsApp channel) Read More News onIndia UK FTAKeir StarmerNarendra ModiModi StarmerStarmer Modistate bank of india (Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onIndia UK FTAKeir StarmerNarendra ModiModi StarmerStarmer Modistate bank of india(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories

India-UK sign Terms of Reference to reposition the Joint Economic and Trade Committee (JETCO)
Technology

India-UK sign Terms of Reference to reposition the Joint Economic and Trade Committee (JETCO)

AgenciesPiyush Goyal signs Terms of Reference to reposition the Joint Economic and Trade Committee (JETCO) with UK. (Source: x.com/PiyushGoyal) India and the United Kingdom on Thursday announced the signing of the Terms of Reference to reposition the Joint Economic and Trade Committee (JETCO).Commerce and Industry Minister Piyush Goyal announced the signing of JETCO saying, "India-UK economic partnership enters a new phase!""This institutional reset is a game-changer, strengthening our framework for strategic engagement, driving the implementation of the India-UK CETA, and boosting our joint ambition to significantly enhance our bilateral trade," he added.— PiyushGoyal (@PiyushGoyal) On Wednesday, Piyush Goyal met UK Secretary of State for Business and Trade, Peter Kyle. The meeting marked a significant step towards operationalising the India–UK Comprehensive Economic and Trade Agreement (CETA), with both Ministers agreeing to reposition the Joint Economic and Trade Committee (JETCO) to oversee its implementation and delivery.Live EventsBoth sides reaffirmed their shared ambition to double bilateral trade by 2030 by leveraging the complementarities between the two economies in areas such as advanced manufacturing, digital trade, clean energy, and services.The India–UK CEO Forum was also held, bringing together business leaders from both countries to discuss new opportunities in trade, investment, and innovation. The meet was co-chaired by prominent industry representatives from India and the UK.It served as a key platform to deepen bilateral economic cooperation and strengthen partnerships across sectors. The discussions reaffirmed the shared commitment of India and the UK to advancing a modern, mutually beneficial, and sustainable economic partnership, strengthened by the India-UK CETA.The meeting concluded with a business plenary attended by senior industry representatives from both sides. Both sides reiterated their determination to advance a modern, inclusive, and mutually beneficial trade partnership, unlocking new opportunities for growth, investment, and innovation.India-UK partnership is yet to witness more key milestones as UK PM Keir Starmer is on his two-day visit to India, with bilateral trade and investment in focus.Also read: Keir Starmer says UK wants India trade deal implemented ‘as soon as humanly possible’Starmer said on Wednesday that he wants UK’s Free Trade Agreement (FTA) with India to be implemented as soon as “humanly possible”. In his first visit to India, Starmer is accompanied by more than 125 business, cultural, and academic leaders, including top executives from Rolls-Royce, British Telecom, Diageo, London Stock Exchange, and British Airways.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onJETCOJoint Economic and Trade CommitteePiyush Goyalbilateral tradeTrade AgreementUK PM Keir StarmerKeir Starmer (Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onJETCOJoint Economic and Trade CommitteePiyush Goyalbilateral tradeTrade AgreementUK PM Keir StarmerKeir Starmer(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories