The India-UK trade agreement brings optimism to Indian garment makers, offering a 10% duty cut and a level playing field against competitors like Bangladesh. This deal, expected to boost apparel exports and create jobs, also benefits sectors like gems, jewellery, and frozen prawns, potentially offsetting losses from US trade uncertainties. New Delhi: Indian garment makers, whose products often lost out to cheaper goods from Bangladesh, can now hope to gain some shelf space in London stores, thanks to a 10% duty cut under the trade deal with the UK. "With zero tariffs, we can hope to increase our exports to around $2.5 billion over the next one-and-a-half or two years. It will help us fill up some of the gap caused by the US actions," said Kirit Bhansali, chairman of the Gems & Jewellery Export Promotion Council.
