The recently signed India-UK FTA is a golden opportunity from India's perspective, Sanjay Nayar, President of ASSOCHAM and Founder-Chairman of Sorin Investment Fund said, asserting that the private sector has to really now step up with the government having done most of the heavy lifting.
The India-UK Comprehensive Economic Trade Agreement (CETA) is poised to trigger substantial foreign direct investment (FDI) flows into India by establishing unprecedented levels of mutual trust and respect between the two nations, said Sanjay Nayar, President of ASSOCHAM and Founder-Chairman
Sanjay Nayar, President of ASSOCHAM and Founder-Chairman of Sorin Investment Fund, described the trade pact as a "golden opportunity" that establishes clear frameworks for mutual market access while safeguarding local interests through mutual trust.
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.