The Indian textile industry has welcomed the India-UK Free Trade Agreement (FTA), recognizing it as a significant step towards increasing India's presence in the UK market. "Experts believe that the reduced tariffs under the FTA will drive demand for Indian textiles in the UK, resulting in increased export volumes.The agreement is also expected to stimulate investment and enhance the ease of doing business for textile stakeholders in both countries.A. He expressed gratitude to Prime Minister Narendra Modi and Union Commerce Minister Piyush Goyal for their instrumental roles in securing this historic trade pact. "This is a Himalayan achievement that will provide a strong impetus to India's textile exports and boost employment and growth in the sector," said Sakthivel.He added, "The India-UK FTA is expected to pave the way for long-term growth, attract investment, and create a more favourable business environment for textile stakeholders in both countries. "Industry leaders believe the India-UK FTA marks the beginning of a new era for Indian textiles, with long-term benefits anticipated in market access, innovation, and global branding.
