Prime Ministers of UK and India launched the India–United Kingdom (UK) Vision 2035 in London.
The plan is a 10-year roadmap to strengthen cooperation in trade, technology, defence, education, and climate.
This announcement came right after signing the India–UK Free Trade Agreement (FTA), called the Comprehensive Economic and Trade Agreement (CETA).
The FTA aims to increase trade between the two countries from US$56 billion to over US$100 billion by 2030.
Vision 2035 sets clear timelines and regular reviews to monitor progress.
India and the UK will boost cooperation in renewable energy, health, financial services, defence manufacturing, and creative industries.
They will create platforms to encourage business talks and support the infrastructure investments, including the UK–India Financial Partnership.
Innovation is a key focus, with plans to establish a UK–India Artificial Intelligence (AI) Centre.
Both countries will work together on quantum computing, cybersecurity, biotechnology, semiconductors, and space research.
These efforts will be guided by the Science and Innovation Council.
The two nations will collaborate on clean energy projects like hydrogen, battery tech, carbon capture, offshore wind, and small modular nuclear reactors.
These initiatives are part of the Net Zero Innovation Partnership.
India and the UK will work on reforming global trade rules at the World Trade Organisation (WTO).
They also plan to improve air travel links and increase tax transparency between the countries.
India did not get an exemption from the UK’s Carbon Border Adjustment Mechanism (CBAM).
Starting January 2027, CBAM will tax imports with high carbon emissions, such as steel and Aluminium.
This could impact Indian exports worth about US$775 million.