UK firms chase $38bn India contracts but challenges loom

The India-UK free trade agreement allows UK firms to bid on $38 billion worth of Indian government contracts in sectors like transport, green energy, and infrastructure. However, challenges such as pricing competitiveness, delayed payments, and contract enforcement issues may hinder British companies from fully benefiting. Despite recent improvements in transparency through online platforms, India's public procurement market still presents obstacles for foreign businesses entering the arena. Navigating complex regulations and payment discipline issues will be crucial for UK companies looking to tap into India's procurement opportunities.