India–UK Vision 2035:
The Indian Prime Minister’s visit to London marked the unveiling of the India–UK Vision 2035 roadmap and the formalisation of the Comprehensive Economic and Trade Agreement (CETA), a Free Trade Agreement (FTA), with the goal of pushing bilateral trade beyond USD 100 billion by 2030.
- The newly signed CETA is central to the Vision 2035, aiming to increase bilateral trade and create jobs.
- The Joint Economic and Trade Committee (JETCO) will oversee its implementation, with plans to advance a Bilateral Investment Treaty (BIT).
- A major focus is the Technology Security Initiative, targeting advancements in next-generation technologies such as Artificial Intelligence (AI), quantum computing, telecom, and critical minerals.
- The two countries have agreed on a 10-year defence industrial roadmap, focusing on joint research and manufacturing in areas like jet engine technology, maritime security, and directed energy weapons.
- The UK will also rely on India for logistics in the Indian Ocean Region and work with India under the Indo-Pacific Oceans’ Initiative (IPOI) to set up a Regional Maritime Security Centre of Excellence (RMSCE) to tackle non-traditional maritime security threats.
- India and the UK will work together to mobilize green finance, collaborate on offshore wind and nuclear technologies, and build joint supply chains in green goods.
- Platforms like the International Solar Alliance and Coalition for Disaster Resilient Infrastructure will facilitate these efforts.
- The UK will encourage the establishment of university campuses in India, and both countries will focus on Mutual Recognition of Qualifications and climate-linked job creation through a Green Skills Partnership.
- Reinforces commitment to multilateralism and advocating for reforms in institutions like the United Nations, WTO, IMF, and the World Bank.
