Mumbai, Oct. 9 -- India aims to double its bilateral trade with the UK to $112 billion by 2030, prime minister Narendra Modi said on Thursday at an event attended by his British counterpart Keir Starmer.

"Today, our bilateral trade is approximately $56 billion. We have set a target of doubling it by 2030. I am confident that we can achieve this target ahead of time," he said at a CEO Forum in Mumbai, adding that the India-UK free trade agreement (FTA), signed in July, will boost small enterprises, create employment, and facilitate the opening of campuses of nine British universities in India.

The trade pact, titled Comprehensive Economic and Trade Agreement (CETA), encompasses partnerships in infrastructure, pharmaceuticals, energy, and...