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G20 summit in Brazil: FTA talks with Britain to begin soon; India insists on the extradition of Mallya and Nirav

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G20 summit in Brazil: FTA talks with Britain to begin soon; India insists on the extradition of Mallya and Nirav
Image source: NARENDRA MODI (X)
Keir Starmer and Prime Minister Narendra Modi

Rio de Janeiro: Prime Minister Narendra Modi, in his first meeting with his British counterpart Keir Starmer, announced that India will open two new consulates in Belfast and Manchester, Britain. The prime minister also called for the extradition of fugitive Indian businessmen from Britain. Following talks on the sidelines of the G20 summit late on Monday, Stormer said talks for an India-UK Free Trade Agreement (FTA) would resume in the new year. At the same time, the Indian side insisted on the extradition of fugitive Indian businessmen Vijay Mallya and Nirav Modi.

Talks will begin in the new year.

This was the first meeting between the two leaders since Stormer took over as British Prime Minister from Rishi Sunak in July. On the ambitious trade deal, the two prime ministers expressed hope that a “balanced, mutually beneficial and forward-looking” free trade agreement (FTA) will be concluded, while mutually agreeing on other issues, according to an Indian government statement. . resolved since. A statement issued by the British government said Prime Minister Stormer announced that trade talks between Britain and India will resume in the new year.

Many issues remain to be resolved

In a statement issued by 10 Downing Street (the official residence and office of the British Prime Minister) after the bilateral meeting, Stormer was quoted as saying: “A new trade deal with India will boost jobs and prosperity in the United Kingdom and our It will add another step to our mission of delivering growth and opportunities to the country.” Negotiations for the proposed FTA began in January 2022 and 14 rounds of talks have been held between the two sides. There are still many controversial issues to be resolved.

What did PM Modi say?

In a post on social site ‘X’, Prime Minister Modi described his meeting with his British counterpart as “extremely significant” and said comprehensive strategic partnership with Britain is a priority for India. “In the coming years, we look forward to working together in areas such as technology, green energy, security, innovation and technology,” he said. We want to strengthen cultural ties along with trade.

I also know

Meanwhile, let us also say here that Vijay Mallya, who has been living in Britain since March 2016 and trying to avoid extradition to India, is accused in a bank loan default case of over Rs 9,000 crore related to his defunct Kingfisher Airlines. . At the same time, fugitive diamond trader Nirav Modi remains in London jail for the last five years. He has lost his extradition battle to face fraud and money laundering charges in India. (Language)

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