Skip to content
Search

Latest Stories

Boost To UK Businesses As India Opens Market To British Sheep Meat

British farmers and food producers will soon be able to export British sheep meat to India as the country prepares to open its market for the first time.

The UK’s sheep meat exports were worth £386 million to the economy in 2017, with lamb meat alone reaching 69 export markets.


The new agreement announced on Wednesday (5), covers a range of sheep meat cuts, is expected to build on this by over £6m in the next five years.

The deal has been secured following a detailed process of inspections and negotiations by the UK government, working with the Agriculture and Horticulture Development Board (AHDB) and UK Export Certification Partnership (UKECP).

Exporters can take advantage of the market as soon as the administrative listing process is completed and export certification is made available, the UK Government said in a statement.

It follows a number of recent successes for UK food and drinks exports, which reached a record level of £22 billion in 2017. China recently lifted its two-decade-long ban on UK beef exports, while Taiwan also opened its market to British pork for the first time. Together, the agreements are estimated to represent over £300m in the first five years alone.

Food Minister George Eustice said, “the latest market access opening in India represents a significant win for the UK’s sheep meat producers. The announcement builds on the UK’s food and drinks exporting success story - our well-established reputation for taste, quality and high animal welfare standards has seen our food and drink industry export at record levels in recent years.”

In Wales, lamb exports account for a third of total food and drink exports worth £110m.

International Trade Secretary Dr Liam Fox MP, said, “the opening of the Indian market to British lamb is further good news for our farmers, and is another vote of confidence in our world-leading food and drink at a time when exports from the sector are at a record high.”

A team of the government’s leading trade experts continue to provide guidance to UK businesses as they enter into overseas markets for the first time or consider expanding their current global customer base ensuring they are poised to take advantage of the increasing opportunities Brexit presents.

This is complemented by the government’s Food is GREAT campaign, which aims to showcase the UK’s top quality food and drink overseas, while highlighting the success of our current exporters.

More For You

Anil Agarwal

Vedanta Resources, which is based in the UK and owned by Indian billionaire Anil Agarwal, has been working on reducing its debt. (Photo credit: Getty Images)

Getty Images

Anil Agarwal’s Vedanta Resources signs £438 million refinancing deal

VEDANTA LTD said on Thursday that its parent company, Vedanta Resources, has signed a loan facility agreement worth up to £438 million with international banks to refinance existing debt.

The refinancing move, where old loans are replaced by new ones, often at better terms like lower interest rates, has led ratings agencies such as S&P Global Ratings and Moody's to upgrade their outlook on the company this year.

Keep ReadingShow less
Trump-Getty

Trump said that while deals are being made with some countries, others may face tariffs.

Getty Images

Trump says major trade deal with India may be finalised soon

US PRESIDENT Donald Trump on Friday said a "very big" trade deal could be finalised with India, suggesting significant movement in the ongoing negotiations between the two countries.

“We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India," Trump said at the “Big Beautiful Bill” event at the White House.

Keep ReadingShow less
Asda suffers nearly £600m loss as debt and IT costs surge

Asda co-ownerMohsin Issa. (Photo: Asda)

Asda suffers nearly £600m loss as debt and IT costs surge

ASDA, one of Britain’s largest supermarkets, has reported a pre-tax loss of £599 million for 2024, swinging sharply from a £180 million profit the previous year.

The loss comes despite total sales rising by over £1 billion to £26.8bn, as the retailer faces mounting debt costs, falling sales, and spiralling spending on a major IT overhaul, the Telegraph reported.

Keep ReadingShow less
Mounjaro

Mounjaro, or tirzepatide, is part of a new class of weight-loss medications, with trials showing patients losing an average of 20 per cent of their body weight after 72 weeks.

Reuters

Lilly to sell Mounjaro pens in India as Wegovy enters market

ELI LILLY said on Thursday that it has received approval from India's drug regulator to launch pre-filled injector pens of its weight-loss drug, Mounjaro.

The move gives the company more options to compete with Novo Nordisk, which recently launched its weight-loss drug Wegovy in the country.

Keep ReadingShow less
Grant Thornton's Anuj Chande urges UK firms to tap booming India

Anuj Chande

Grant Thornton's Anuj Chande urges UK firms to tap booming India

INDIAN companies are well placed to support the UK’s economic growth, Eastern Eye has been told by Anuj Chande, partner and head of the South Asia Business Group at Grant Thornton.

He was speaking after the publication of Grant Thornton’s India Meets Britain Tracker 2025: The latest trends in Indian investment in the UK, which was released last week. While companies in India need little encouragement to enter the UK market, the reverse is not true.

Keep ReadingShow less