Ireland has opened a consulate in Mumbai, India's commercial capital, to add to its embassy in Delhi as part of its campaign to “double its global footprint by 2025�
By Amit RoyOct 28, 2023
WHAT is the most important difference between Ireland and the United Kingdom?
The answer is Brexit. Ireland is taking full advantage of its continued membership of the European Union – and seeking to attract new investment from India.
This is why Ireland has opened a consulate in Mumbai, India’s commercial capital, to add to its embassy in Delhi as part of its campaign to “double its global footprint by 2025”.
It is in the process of opening a consulate in Karachi as well, to enhance its relationship with south Asia.
The Irish tourist board is also working to attract more Indian visitors, stressing it has much to offer by way of literary festivals that promote such authors as James Joyce, who gave Ulysses to the world in 1922, and Bram Stoker, who wrote Dracula, the 1897 Gothic horror novel.
The country is also renowned for its stunning scenery that has been used in Star Wars and other movies.
It held a “global summit” in Dublin on Tuesday (24), when Indian journalists were invited to meet Ireland’s political leaders and representatives of key organisations, such as the Irish food board and the IDA, the country’s foreign direct investment agency. While the people of the UK reflect on whether Brexit was a wise decision, the number of British people who now hold an Irish passport as dual citizens is reported to have gone up six-fold.
The outward-looking policies are being pursued under the leadership of its Indian-origin Taoiseach, Leo Varadkar, who was Ireland’s prime minister from 2017 to 2020 and returned to the post in December last year.
Narendra Modi, who went to Ireland in 2015 in the first visit by an Indian prime minister since that of Jawaharlal Nehru in 1956, congratulated Varadkar on returning to power for a second term.
“Highly value our historical ties, shared constitutional values & multi-faceted cooperation with Ireland,” Modi’s message said. “Look forward to working together to realise the full potential of our vibrant economies.”
Varadkar was born in Dublin on January 18, 1979 to an Indian father, Ashok Varadkar, and an Irish mother, Miriam Varadkar (née Howell). His father, who was born in Bombay (now Mumbai), moved to the UK to work as a doctor and met his future wife when she was working as a nurse in Slough. They married in 1971. Sophia, their eldest child, was born while the Varadkars lived in Leicester. They moved to India before coming back and settling in Dublin, where their second daughter, Sonia, was born, followed by a son.
Varadkar graduated in 2003, after completing his internship at KEM Hospital in Mumbai. He then spent several years working in hospitals in Ireland, before becoming a GP in 2010.
As prime minister, he championed the creation of 22 new embassies and consulates. The spread reflects Ireland’s ambitions. There are new embassies in Santiago, Chile – Bernardo O’Higgins, who was the country’s first president from 1817-23, was of Irish origin – and Bogota, Colombia.
The consulate in Cardiff, which was closed many years ago, is being reopened. And there will be a new one in Manchester.
The consulate in Los Angeles, for example, will focus on film and television. Another, in Miami, will strengthen links with central America.
Compared with India’s 1.4 billion population, Ireland’s is six million. But its diaspora population is 70 million – which compares with 30 million for Indians (including 2.5 million in the UK and four million in the US). Along with the US and the UK, Australia has a large Irish population. And in Argentina, about half a million claim Irish ancestry.
The Ireland India Council has been set up “to facilitate Indian investment in Ireland and Irish investment in India. While India is the world’s largest democracy and a significant global marketplace, Ireland is strategically positioned in the European Union.”
Companies in India, which considered the UK as the gateway to Europe, now see Ireland as a good option. Britain’s loss may well prove to be Ireland’s gain, especially in areas such as IT and pharmacy.
Setting out his vision for the future, Varadkar has said: “One hundred years ago we were a small island on the periphery of western Europe. In the next one hundred we will be a nation at the heart of the common European home we helped to build; an island at the centre of the world.
“Ireland is emerging from what has been a lost decade for many of our citizens, and it is clear to me that we are emerging with a greater sense of self-confidence and ambition for what we can do as a country. That national self-confidence requires that we always be ambitious, visible and active in promoting the interests of our nation on the international stage.
“Everyone will be aware of the work our embassies, defence forces and agency personnel do in carrying out that mission, and I am hugely proud of their work. That work is central to ensuring that, while we are small in scale, our engagement in Europe and on the wider international stage means that we can truly be considered an island at the centre of the world.
“To fulfil that ambition, we need to greatly increase our international presence. Whatever happens in the next few years, one thing is certain. Ireland will always be at the heart of the common European home we helped to build. That is why it’s so important that we are actively engaged in shaping and influencing the debate about the future of Europe. The EU has always offered the promise of a better future, but it is a future that will not be handed to us. We must work to create it.”
He pledged to “maintain a deep and strong relationship with our nearest neighbour, the United Kingdom, and its constituent parts. This will be underpinned by the Common Travel Area and the Good Friday Agreement.”
Reports say that the Windsor Framework, brokered by the British prime minister Rishi Sunak, “has changed the mood music” in relations between the UK and Ireland, and between London and the EU in Brussels.
Varadkar added: “As global economic and political power shifts east and south, Ireland will respond by making new friends and improving long-standing relationships across Asia and the Global South.
He also wants to “welcome more international students to Ireland”.
The 2021/22 academic year saw a 20 per cent increase in international student enrolment in Ireland, with over 30,400 students from around the world studying at Irish institutions. Among them, approximately 4,000 were from India, marking a 14-fold increase in Indian students studying in Ireland since 2010.
The Asian population of Ireland is reckoned to be about 100,000. It includes Reita Faria, who won the Miss World title in 1966, the first Indian woman to do so. Married to an Irish consultant, she is now a grandmother, who turned 80 in August.
BRITAIN's largest carmaker, Jaguar Land Rover, said a pause in production due to a cyber attack would now stretch to September 24, extending the stoppage at its plants to more than three weeks.
The luxury carmaker, owned by India's Tata Motors, said it shut down its systems in early September to contain the hack that has severely disrupted its retail and manufacturing operations.
Its three factories in Britain, which usually produce about 1,000 cars per day, will now not restart until September 24, the company said on Tuesday (16). It has told many of its 33,000 staff to stay at home.
"We have taken this decision as our forensic investigation of the cyber incident continues, and as we consider the different stages of the controlled restart of our global operations, which will take time," JLR said in a statement on its website.
There is concern about the financial impact of the stoppage on JLR's British supply chain, which includes many smaller companies and supports 104,000 jobs across the country. The Unite trade union has warned of job losses and said government support would be needed given the lengthy stoppage.
Chris McDonald, minister in the Department of Business and Trade, told Reuters he had met the company on Tuesday to "discuss their plans to resolve this issue and get production started again".
"Our cyber experts are supporting JLR to help them resolve this issue as quickly as possible," he added.
The Telegraph reported on Monday (15) that the production shutdown could last until November, although JLR said this was not its position.
JLR has said the incident has affected some data, although it remains unclear whether it involved customers, suppliers or internal systems.
The breach was the latest in a string of cyber and ransomware attacks targeting companies around the world. In Britain, household names including Marks & Spencer and the Co-op have fallen victim to increasingly sophisticated breaches.
The disruption comes as JLR faces broader challenges, including weaker demand in China and Europe, and delays to the launch of its electric vehicle models.
In July, JLR reported an 11 per cent drop in quarterly sales, partly due to a temporary pause in US shipments after tariffs were imposed. Although exports resumed in May, the company cut its profit margin target for fiscal 2026 to 5 per cent to 7 per cent, down from 10 per cent, citing ongoing trade uncertainty.
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Dr Sudhir Ruparelia emphasised Uganda’s growing real estate, agriculture and tourism sectors.
Lord Dolar Popat called for closer Commonwealth ties between Africa, the UK and India.
Uganda’s ministers outlined regional integration, investment climate and agricultural transformation.
Spiritual leader Sant Trilochan Darshan Das Ji urged ethical entrepreneurship rooted in integrity.
The 15th edition of the UK–Africa Business Summit took place on Friday, 12 September at The Royal Horseguards Hotel & One Whitehall Place, bringing together senior government leaders, entrepreneurs, investors and diaspora stakeholders to strengthen trade and investment ties between the UK and African nations.
One of the most anticipated interventions came from Dr Sudhir Ruparelia, Uganda’s richest businessman with an estimated fortune of $1.6 billion. Speaking of his family’s deep commitment to Uganda, Ruparelia said: “We’ve created thousands of jobs, benefiting millions of Ugandans. The real estate sector remains vibrant and agriculture presents countless opportunities. Hospitality and tourism are thriving – let’s seize the moment.”
Lord Dolar Popat, Member of the House of Lords and former UK Prime Minister’s Envoy to Africa, addressed Africa’s pivotal role amid shifting global trade realities. He urged closer Commonwealth ties, emphasising collaboration between Africa, the UK and India to strengthen trade resilience.
The summit also hosted influential voices from government and diplomacy:
Rt Hon Rebecca Kadaga, Uganda’s First Deputy Prime Minister and Minister for East African Community Affairs, set out East Africa’s integration agenda, focusing on accelerating AfCFTA adoption, removing non-tariff barriers and coordinating infrastructure to position the region as a competitive investment market.
Uganda featured prominently throughout the summit. Col Edith Nakalema highlighted the enabling investment climate under President Yoweri Kaguta Museveni, particularly through technology-driven efficiency in SHIPU’s operations to safeguard investors against cyber fraud.
UK–Africa business summit 2025
Dr Hillary Musoke Kisanja, Senior Presidential Advisor on Agribusiness and Value-Addition Development, unveiled Uganda’s roadmap to transform agriculture into a high-value, climate-resilient driver of growth.
HE Nimisha Madhvani, Uganda’s High Commissioner to the UK, joined other diplomats in a flagship session on trade, resilience and diplomacy, where participants examined how Africa can redefine its partnerships with the UK in an era of shifting alliances.
The Ugandan delegation also included Ruth Nankabirwa, Minister of Energy and Mineral Development; Gen David Muhoozi, Minister of State for Internal Affairs; Lt Gen Joseph Musanyufu, Permanent Secretary of the Internal Affairs Ministry; and Maj Gen Apollo Kasiita-Gowa, Director of Citizenship and Immigration Control.
UK–Africa business summit 2025
Faith and ethical entrepreneurship
Spiritual leader Sant Trilochan Darshan Das Ji, head of Das Dharam-Sachkhand Nanak Dham, graced the summit as Honorary Chief Guest. He urged delegates to embrace ethical entrepreneurship and align economic ambition with values of integrity and social good.
Spiritual leader Sant Trilochan Darshan Das Ji, head of Das Dharam-Sachkhand Nanak Dham, graced the summit as Honorary Chief Guest
A platform for resilience
Summit founder and chairman Willy Mutenza acknowledged the challenges posed by renewed US tariffs and shifting geopolitical alignments, but stressed Africa’s resilience, pointing to expanding markets, a youthful population and growing infrastructure as long-term opportunities for investors.
Prof Augustus Nuwagaba, Deputy Governor of the Bank of Uganda, reinforced this vision with a presentation on Uganda’s sustained economic growth trajectory.
UK–Africa business summit 2025
Innovation and Africa’s future
The summit concluded with a high-level panel on digital trade, e-mobility, AI and climate-resilient investment. Industry leaders highlighted Africa’s emerging innovation-led growth model, from Kenya’s fintech ecosystems to Uganda’s science-based industrial strategy. The session underscored the importance of digital sovereignty, blended finance and ESG-aligned investment to unlock inclusive economic growth.
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Donald Trump and Narendra Modi shake hands as they attend a joint press conference at the White House on February 13, 2025.
INDIA and the United States will hold trade discussions in New Delhi on Tuesday, officials and Indian media reports said, as the two countries look to resolve a tariff dispute.
India currently faces high US tariffs on most of its exports and has not yet been able to reach a trade deal that would ease the pressure.
Trump has sought to increase pressure on Moscow over the war in Ukraine. The move has added to tensions between Washington and New Delhi.
Both governments, however, have said they remain committed to talks.
Commerce ministry official Rajesh Agarwal said on Monday that officials would meet in person on Tuesday for discussions, The Indian Express reported.
According to broadcaster NDTV, Brendan Lynch, assistant trade representative for South and Central Asia, will be part of the US delegation. The report said the discussions would be a “precursor” to a later full round of negotiations.
The talks come a week after Trump said discussions would continue between the two sides to address trade barriers.
“I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries!,” Trump posted on Truth Social last week, without providing details.
Indian prime minister Narendra Modi responded by calling India and the United States “close friends and natural partners” and said teams from both sides were working to conclude discussions “at the earliest”.
(With inputs from agencies)
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Piyush Goyal recalled that in February, Narendra Modi and Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025. (Photo: Getty Images)
INDIA’s commerce and industry minister Piyush Goyal on Thursday said that negotiations on the proposed trade agreement between India and the United States, which began in March, are progressing in a positive atmosphere and both sides are satisfied with the discussions.
He recalled that in February, Indian prime minister Narendra Modi and US president Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025.
“Discussions have been going on in a positive atmosphere with seriousness since March. It is progressing, and both the countries are satisfied with the progress,” Goyal told reporters. On Wednesday, he had also said that India is in “active dialogue” with the United States.
Trump this week said there would be “no difficulty” for the two countries to reach a successful conclusion and that he looked forward to speaking with his “very good friend” Modi in the coming weeks. In a post on Truth Social, he wrote he was “pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations.”
Modi responded on X, welcoming Trump’s statement and expressing confidence that the negotiations would help unlock the potential of the partnership. He said India and the US are close friends and natural partners and are working to conclude the discussions at the earliest.
The two countries have completed five rounds of negotiations since March. The sixth round, scheduled to take place in India last month, was deferred after Washington imposed an additional 25 per cent tariff on Indian goods over purchases of Russian crude oil.
The aim of the pact is to more than double bilateral trade in goods and services to USD 500 billion by 2030 from the current USD 191 bn. Trade ties have been strained due to tariffs, with the US imposing a 50 per cent import duty on Indian goods from August 27. The move has hit exports from labour-intensive sectors such as shrimp, textiles, leather and footwear. India has described the tariffs as unfair, unjustified and unreasonable.
Talks have also been delayed over US demands for greater access in sensitive sectors such as agriculture and dairy. India has said repeatedly that it will not compromise the interests of small and marginal farmers and cattle rearers.
The US is India’s largest trading partner. In 2024-25, bilateral trade in goods was USD 131.8 bn, with India’s exports at USD 86.5 bn and imports at USD 45.3 bn. The US is also the third-largest investor in India, with foreign direct investment of USD 76.26 bn between April 2000 and June 2025, accounting for 10 per cent of India’s total FDI inflows.
On protests in Nepal, Goyal said the Indian government is monitoring the situation and working to bring back Indian citizens stranded there. He added that the Indian mission in Nepal is ready to provide support and expressed hope for normalcy to return soon.
(With inputs from agencies)
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At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)
INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.
At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.
Bhatt was born in 1984 in Poquoson, Virginia, to immigrant parents from Gujarat, India. His father, an aerospace engineer, worked at NASA. He grew up in a household where English was a second language and money was limited. He later attended Stanford University, where he studied physics and earned a master’s degree in mathematics.
In 2013, Bhatt co-founded Robinhood with Vlad Tenev, a fellow Stanford graduate. The platform introduced commission-free stock trading to retail investors in the United States and later expanded into retirement accounts and high-yield savings products. The company gained widespread attention during the Covid-19 pandemic, when trading activity surged around so-called meme stocks.
Robinhood went public in 2021 at the height of the retail investing boom. Bhatt served as co-CEO with Tenev until 2020, when he moved into the role of chief creative officer. In 2024, he stepped down from his executive position but continues to serve on Robinhood’s board of directors while retaining his 6 per cent stake.
Robinhood’s stock has seen significant gains over the past year, rising by about 400 per cent. The increase has been linked to a boost in cryptocurrency-related sales, new products such as individual retirement accounts and high-yield savings, and a strong performance in 2024, when the company reported USD 3 billion (£2.2 billion) in revenue.
Bhatt’s recognition in the Forbes 400 list underscores the continuing influence of technology entrepreneurs in the American financial sector. His career reflects the trajectory of several Indian-origin leaders in the United States, who have made a mark in technology and finance in recent years.
Forbes’ annual ranking of the 400 wealthiest Americans is based on estimates of net worth, which include publicly disclosed stakes in companies, real estate holdings, and other assets. Bhatt joins the ranks of young billionaires who have built fortunes through technology-driven ventures.
In addition to his role with Robinhood, Bhatt has been noted for his early life influences. Growing up in Virginia, he was exposed to science and technology through his father’s aerospace career. His academic path at Stanford provided the foundation to pursue entrepreneurial opportunities in financial technology.
Robinhood, under the leadership of Bhatt and Tenev, has changed how millions of Americans approach investing by lowering barriers to entry. While Bhatt is no longer in an executive role, his continued stake in the company keeps him closely tied to its growth and future direction.
Bhatt’s inclusion in the 2025 Forbes 400 as one of the youngest billionaires highlights his role in shaping retail investing and signals the growing presence of Indian-origin entrepreneurs in the US technology and finance industries.