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Labrish
Nyuuz
India-UK FTA set to double textile exports as Karur anticipates major growth
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[QUOTE="Munyaradzi Mafaro, post: 55479, member: 636"] The recently signed trade agreement between India and the United Kingdom eliminates duties on nearly all Indian exports to British markets. This Comprehensive Economic and Trade Agreement provides zero-tariff access for textiles, leather goods, marine products, gems, jewellery, engineering items, chemicals, and automotive parts. Employment-heavy industries anticipate substantial growth opportunities through enhanced market competitiveness. Karur textile manufacturers expect increased demand for environmentally friendly garments and premium products across UK retail channels. The Tamil Nadu manufacturing center projects significant expansion in exports, investments, and job creation. India currently ships approximately 1.4 billion dollars worth of textile products to Britain annually. Trade officials forecast this figure will reach double within six years under the new framework. Homeline Textile representative Angelina Stephan Babu praised the comprehensive economic partnership between both nations. The agreement removes trade barriers on virtually every product category that India exports. Manufacturing regions anticipate technological improvements and workforce development through expanded international commerce. [/QUOTE]
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Labrish
Nyuuz
India-UK FTA set to double textile exports as Karur anticipates major growth
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