New Delhi: Chairman and Managing Director of Steel Authority of India Limited (SAIL), Amarendu Prakash, has welcomed the signing of the India–UK Comprehensive Economic and Trade Agreement (CETA), calling it a landmark step toward deepening economic engagement and trade synergy between the two nations.
A Gateway to New Trade Opportunities
Terming the pact a “welcome move,” CMD Prakash said the agreement will enable both countries to benefit from enhanced trade and cooperation. “SAIL looks forward to increased business opportunities and cooperation,” he stated, underlining the strategic importance of the deal for India’s steel industry.
Signed between the Indian and UK governments, the CETA aims to reduce tariffs, enhance market access, and attract mutual investments. For Indian PSUs like SAIL, this could translate into smoother export routes, stronger market presence in the UK, and a fertile ground for new industrial collaborations.
Steel Industry to Gain from Bilateral Push
Experts see the agreement as a catalyst for growth in core sectors like manufacturing and steel. It is likely to spur technology transfer, attract UK investments, and create new employment avenues. As one of India’s largest integrated steel producers, SAIL is positioned to be a key beneficiary of the enhanced trade environment.
The India–UK CETA is expected to unlock substantial gains for India’s public sector steel ecosystem, aligning with the government’s broader goals of increasing exports, improving competitiveness, and building global partnerships across key industrial verticals.
About SAIL
Steel Authority of India Limited (SAIL) is a Maharatna public sector undertaking under the Ministry of Steel, Government of India. Established in 1954, SAIL is one of India’s largest steel producers with integrated steel plants across the country. The company is a key contributor to the nation’s infrastructure, defense, and manufacturing sectors. With a strong focus on innovation, sustainability, and self-reliance, SAIL plays a critical role in India’s industrial and economic growth.
