<p>Bengaluru: Tesco, the UK-based retail giant, is planning to open a new distribution centre in Karnataka, which is expected to generate 15,000 additional jobs. Rolls-Royce, another UK-based company, is also actively exploring fresh investments in the state, Large and Medium Industries Minister MB Patil said. </p><p>He assured that the government would provide all necessary help to facilitate these companies’ investments.</p>.Infosys to acquire 75% stake in Versent Group for over Rs 1,300 crore.<p>Addressing a celebratory reception dinner hosted on Tuesday by the British Deputy High Commission to mark the signing of the Free Trade Agreement (FTA) between India and the United Kingdom, the minister said the pact is projected to boost bilateral trade by around 25 billion pounds annually and is expected to help double the trade to approximately 90 billion pounds by 2030. </p><p>The FTA would pave the way for duty-free access for 99 per cent of India’s exports to the UK and 90 per cent of UK exports to India. This, Patil noted, would mean more affordable products, greater market access for businesses, and a surge in commerce benefiting consumers and industries in both countries.</p><p>Leading British firms such as Rolls-Royce, BAE Systems, Tesco, ARM, HSBC, and Aviva already have a significant footprint in Bengaluru and across Karnataka. The state is proud to be a leading destination for British investment in India, with UK firms employing nearly 30,000 people here, Patil noted.</p><p>The FTA, the minister said, would enable British companies to further scale up their investments in Karnataka. UK-based firms should leverage the state’s technology capabilities, robust infrastructure, and industry-friendly ecosystem. The government, he assured, would respond proactively to those keen on investing.</p><p>The event was attended by Harjinder Singh, Trade Commissioner; Chandru Iyer, British Deputy High Commissioner; and other dignitaries.</p>
<p>Bengaluru: Tesco, the UK-based retail giant, is planning to open a new distribution centre in Karnataka, which is expected to generate 15,000 additional jobs. Rolls-Royce, another UK-based company, is also actively exploring fresh investments in the state, Large and Medium Industries Minister MB Patil said. </p><p>He assured that the government would provide all necessary help to facilitate these companies’ investments.</p>.Infosys to acquire 75% stake in Versent Group for over Rs 1,300 crore.<p>Addressing a celebratory reception dinner hosted on Tuesday by the British Deputy High Commission to mark the signing of the Free Trade Agreement (FTA) between India and the United Kingdom, the minister said the pact is projected to boost bilateral trade by around 25 billion pounds annually and is expected to help double the trade to approximately 90 billion pounds by 2030. </p><p>The FTA would pave the way for duty-free access for 99 per cent of India’s exports to the UK and 90 per cent of UK exports to India. This, Patil noted, would mean more affordable products, greater market access for businesses, and a surge in commerce benefiting consumers and industries in both countries.</p><p>Leading British firms such as Rolls-Royce, BAE Systems, Tesco, ARM, HSBC, and Aviva already have a significant footprint in Bengaluru and across Karnataka. The state is proud to be a leading destination for British investment in India, with UK firms employing nearly 30,000 people here, Patil noted.</p><p>The FTA, the minister said, would enable British companies to further scale up their investments in Karnataka. UK-based firms should leverage the state’s technology capabilities, robust infrastructure, and industry-friendly ecosystem. The government, he assured, would respond proactively to those keen on investing.</p><p>The event was attended by Harjinder Singh, Trade Commissioner; Chandru Iyer, British Deputy High Commissioner; and other dignitaries.</p>
