Skip to content
Search AI Powered

Latest Stories

UK India Business Council launches defence vertical

THE UK India Business Council (UKIBC) has announced the establishment of an aerospace and defence industry group, to promote UK-India collaboration, at a reception hosted by the British High Commissioner.

This initiative recognises that the UK-India relationship in aerospace and defence is at a critical turning point, and is another demonstration of the close ties between Indian and UK industry.


In 2019, a memorandum of understanding on defence technology industrial capability cooperation was signed between the UK and India, which highlighted the UK government’s approach towards enhancing cooperation with India. The defence vertical is an example of how this cooperation is being taken to a new level.

Speaking at the launch, Richard McCallum, Vice-Chair, UKIBC, said: “The Aerospace and Defence Industry Group will support and build on the huge opportunities for collaboration that exist between the defence industries of the UK and India. Collaboration will not only advance India’s defence acquisition process but also foster long-term technology and hardware transfers”.

“We support the Government of India’s Make in India initiative and believe the Aerospace and Defence Industry Group can contribute to India’s continued emphasis on defence modernisation and sophisticated military capabilities, which will be a win-win for both the UK and India”.

The reception for the launch in New Delhi was hosted by British High Commissioner Sir Dominic Asquith KCMG and was attended by Sir Stephen Lovegrove, Permanent Secretary, Ministry of Defence, the UK.

The Chairman of the ADIG group, Kishore Jayaraman, President, Rolls-Royce India and South Asia, said: “The Make in India initiative is a great clarion call for the manufacturing sector, and we believe the Aerospace and Defence Industry Group can contribute significantly towards building an ecosystem for defence manufacturing in the country.

“Together, we can build on India’s vision of indigenisation and defence modernisation with sophisticated military capabilities and advanced technologies, which will be a win-win for both countries.”

The Aerospace and Defence Industry Group has been formed following suggestions of the Defence and Security Organisation (DSO) and with the support of UK Defence Solutions Centre (UK DSC), ADS Group Ltd, the Department for International Trade (DIT), and industry.

The core members of the group include Rolls-Royce, BAE systems, Thales UK, MBDA, Leonardo, TVS Logistics, PEXA, Pattonair, and Cranfield University.

More For You

IMF approves $2.4bn Pakistan bailout despite Indian opposition

Pakistan finance minister Muhammad Aurangzeb speaks during an interview at the 2025 annual IMF/World Bank Spring Meetings in Washington, D.C., U.S., April 25, 2025. REUTERS/Ken Cedeno

IMF approves $2.4bn Pakistan bailout despite Indian opposition

THE International Monetary Fund (IMF) on Friday (9) approved a loan programme review for Pakistan, unlocking around $1 billion (£790 million) in much-needed funds and greenlighting a new $1.4bn (£1.1bn) bailout despite India's objections.

Pakistan came to the brink of default in 2023, as a political crisis compounded an economic downturn and drove the nation's debt burden to terminal levels.

Keep ReadingShow less
Bill Gates Vows to Donate Bulk of His Fortune by 2045

Gates explained that his new approach to giving accelerates his previous plan

Getty

Bill Gates to give away most of his wealth by 2045

Microsoft founder Bill Gates has announced his intention to give away 99% of his wealth by 2045, pledging to accelerate his charitable giving through his foundation.

In a blog post published on Thursday, 8 May 2025, Gates, 69, shared his plan to use the next two decades to distribute most of his vast fortune. He intends to wind down the operations of his foundation by 2045, a decision that marks an acceleration of his previous philanthropic goals.

Keep ReadingShow less
Bank of England

The announcement from the Bank of England followed Donald Trump’s announcement of a trade agreement with Britain.

Reuters

Bank of England cuts interest rate to 4.25 per cent

THE BANK OF ENGLAND on Thursday cut its key interest rate by a quarter point to 4.25 per cent, citing concerns over slowing economic growth due to US tariffs.

This was the central bank’s fourth interest rate cut in nine months and had been widely expected by markets. The move comes in contrast to the US Federal Reserve, which decided on Wednesday to keep borrowing costs unchanged.

Keep ReadingShow less
Keir-Starmer-Getty

'Our India trade deal ... is good for British jobs. The criticism on the double taxation is incoherent nonsense,' Starmer said. (Photo: Getty Images)

Getty Images

Starmer rejects claims of favouring Indian workers in trade deal

PRIME MINISTER Keir Starmer on Wednesday dismissed criticism that the government had sold out British workers by offering tax exemptions to some Indian workers as part of the new free trade agreement with India. He called the claims “incoherent nonsense”.

The trade deal, announced on Tuesday, includes tariff reductions on British imports to India and allows some short-term Indian workers to be exempt from paying into Britain’s social security system for up to three years. The exemption is part of the Double Contributions Convention (DCC) and also applies to British workers in India.

Keep ReadingShow less
Direct flights will link Gatwick to Uganda

Lord Collins of Highbury and Nimisha Madhvani with other officials at the launch of the UK-Uganda Growth Dialogue in Kampala

Direct flights will link Gatwick to Uganda from May 18

LORD COLLINS of Highbury, the minister for Africa, concluded a two-day visit to Uganda last month, reaffirming the UK’s commitment to sustainable development, inclusive partnerships and mutual economic growth.

During the visit (April 3–4), the minister was welcomed by president Yoweri Museveni at State House.

Keep ReadingShow less