The proposed comprehensive free trade pact between India and the United Kingdom, likely to be signed by next month's end, could accelerate joint ventures and boost bilateral investments, the head of the body promoting bilateral trade said on Thursday.
Richard Heald, executive chair of the UK India Business Council (UKIBC) said negotiation teams were working overnight to meet the deadline of Diwali, the Indian festival of lights falling on Oct. 24, as political leaders had already given a go-ahead.
"Negotiations teams no more have negotiation rounds, they are working 24X7," to finalise the pact, he told Reuters in an interview noting UK businesses looked forward to collaborating with Indian companies in renewable energy, autos, education, health care and defence sectors once the pact was signed.
