““The India–UK Free Trade Agreement (FTA) is a watershed moment for India’s textile and apparel (T&C) sector. The removal of import duties offers Indian exporters a competitive edge in a mature and high-value market like the United Kingdom.”
This agreement is poised to unlock higher export volumes, stimulate capacity expansion, and attract new investments into the industry. It provides a timely impetus to manufacturers aiming to strengthen their presence in global supply chains.
“The FTA is expected to generate employment, foster domestic value addition, and promote the adoption of sustainable and ethically aligned manufacturing practices in line with international benchmarks besides lot of economic upside.
The Indian textile & clothing (T&A) industry is in a good position to seize this opportunity and play a more prominent role in driving the country’s export-led growth.””
CREDITS: Dr. Mukesh Kansal, Chairman, CTA Apparels
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