India-UK trade deal will benefit Gujarat greatly: Gujarat industries minister Balvantsinh Rajput
He emphasised that there is a need to bring down the logistics cost, and the state govt is working on it.
Addressing a gathering at the 'Focused Discussion on the India-UK Comprehensive Economic & Trade Agreement (Ceta)' jointly organised by the industries and mines department, GCCI, and directorate general of foreign trade (DGFT), Rajput added that Ceta will further add momentum towards becoming the third biggest world power.
He mentioned that industries like plastics, textiles, and chemicals will gain a lot through this agreement.
GCCI president Sandeep Engineer said that Ceta was a significant milestone in India's engagement with the UK and reflects a shared commitment to strengthening economic integration.
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Principal secretary (industries and mines) Mamta Verma, said that this agreement will be of huge advantage to Gujarat in its mission to increase exports multifold.
Industries commissioner Swaroop P said that Gujarat leads exports with prominence in sectors like mineral fuel and oils, paper products, electrical machinery and equipment, pharmaceuticals, gems and jewellery, ceramics, and nuclear reactors, boilers and machinery.
DGFT joint director (Ahmedabad) Rahul Singh said that over the past three financial years, India's trade with the UK showed an overall positive trajectory in exports, indicating a shift towards a more favourable trade balance for India.
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