Commerce Minister Piyush Goyal on Sunday targeted the previous UPA government led by Congress, alleging that trade deals signed during that period were not in the country's interests.
Goyal, while addressing a press conference, emphasised that out of all FTAs signed so far, the India-UK FTA has been the biggest, most comprehensive, and most important, highlighting that 99% of India's exports to the UK will now be duty-free.
The landmark India-UK Free Trade Agreement will benefit several sector, including leather and footwear industry; gem and jewellery; textiles and clothing; base metals; agricultural goods, among others, Commerce Secretary Sunil Barthwal said on Friday.
Kochi (Kerala) [India], July 25: Kings Infra Ventures Ltd., a pioneer in sustainable aquaculture and marine exports, has hailed the signing of the India-UK Free Trade Agreement (FTA) as a transformative step for India's seafood industry. The FTA, signed today, grants zero-duty access to 99%
The impending India-UK Free Trade Agreement (FTA), also referred to as the Comprehensive Economic and Trade Agreement (CETA), is poised to significantly boost exports from several Indian states by eliminating tariffs and enhancing market access in the United Kingdom.
The India-UK FTA has provided wider access to goods and services of both the countries and the industry leaders in India see this as "historic", opening up opportunities to push more trade in the UK.
Hailing the mutually beneficial trade deal, the CM said that it is a step towards realising Prime Minister Narendra Modi's mantra of 'Vocal for Local,' by taking such products to the global stage.
"After many years, a free trade agreement has been reached that benefits both sides... Piyush Goyal has implemented this with great coordination. I would like to congratulate PM Modi on personally visiting Britain to conclude this trade deal... It will benefit us as trade expands, but at
India's recent trade deals with UAE, Switzerland, and now with United Kingdom marks a significant shift in its approach to free trade agreements (FTAs) as India is gradually opening up sensitive areas that were earlier off-limits, according to a report by Global Trade Research Initiative (GT
Addressing concerns over UK companies entering India's Government Procurement (GP) space under the new India-UK FTA, Sunil Bharti Mittal, Chairman of Bharti Enterprises, said the move will ultimately benefit Indian MSMEs, as UK firms will need to establish manufacturing units in India to rem
The reduction in import duties on automobiles under the newly signed India-UK Free Trade Agreement (FTA) will ultimately benefit Indian auto component manufacturers, said Sunil Bharti Mittal, Chairman of Bharti Enterprises, adding that the UK component makers will shift manufacturing to I