00:00But, Lavina, India's Prime Minister Narendra Modi hailed this as a new era.
00:05In relations, but it's always difficult, the nuts and bolts of these kind of deals.
00:10Will the deal between the EU and India reduce tariffs?
00:14What exactly?
00:15What exactly are they looking at?
00:18So, I, I, it is quite.
00:20It's quite funny because this is what I felt that the UK-India trade deal.
00:25Got scotched to India.
00:26This one is getting luxury cars and wines to India.
00:30But on the other hand, for India, it is not only just...
00:35making India.
00:36So, India has this big thing about making India.
00:40But this is also making India plus surf.
00:45By India and manufacturing in India.
00:47So, it's going to show in, show up in showrooms.
00:50in the form of luxury cars from Europe and it gets the big market and many others.
00:55things.
00:56For India, it's, of course, gems and hospital tech.
01:00But...
01:00But let me just zoom out a little bit from the numbers and say, what's happening...
01:05here is and how it is a win-win is because EU gets...
01:10access to the big market.
01:11India gets mobility and a...
01:15service outsourcing to the EU.
01:18So, for example, in India...
01:20India, there is very high level of skill and talent.
01:23It's one point...
01:25five, five, if I remember right, million people...
01:29just engineers being...
01:30educated and graduating annually.
01:32So, they get the IT, the design, the architecture...
01:35So, they get the skills can be transported as well.
01:39And India gets...
01:40not only just by giving more access to EU, it is also asking...
01:45manufacture here, innovate here.
01:47So, it's mobility of service...
01:50business...
01:51but also of...
01:53making...
01:54technology...
01:55technology exchange.
01:56So, it's going to show up in showrooms in the form of cars...
01:59manufacturing in the...
02:00form of floors...
02:01and also hospital tech and a pharma is a big...
02:05place...
02:06where they'll do the exchange.
02:07But...
02:08I just...
02:09I will leave with just one bit, which is...
02:10behind this whole trade and global market and all of that...
02:13is also very important...
02:15strategic...
02:16exchange...
02:17of security and intelligence, which is...
02:20quite important as well...
02:21which is...
02:22another time to...
02:23to talk...
02:24but...
02:25this is definitely a win-win deal.
02:27One gets the market, the other gets...
02:29make...
02:30manufacture...
02:31and mobility.
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