Speaking at the India-UK CEO Forum in Mumbai, hours after signing a series of new pacts with British Prime Minister Keir Starmer, Modi said the partnership reflects growing confidence and economic convergence between the two nations.
“This has been a significant year for India,” Modi said. “India and the UK have established strong foundations for trade and economic ties, thanks to industry leaders who have worked tirelessly.”
He noted that bilateral trade currently stands at around $56 billion, and the pace of engagement suggests the two countries “may achieve or even exceed” their 2030 target ahead of schedule.
Modi said that the deepening collaboration between academia and industry would serve as India’s “innovation driving force,” accelerating growth in high-value sectors.
“Critical minerals and rare earths are sectors strategic to trade, and we will move forward keeping them in mind,” he added, pointing to the shared focus on securing supply chains vital to clean energy and advanced manufacturing.The remarks came as both leaders reaffirmed their commitment to broadening cooperation across trade, investment, and strategic industries — signaling renewed momentum in one of India’s most consequential economic partnerships.
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