'Will stimulate innovation, ease market access'
"This agreement establishes a forward-looking partnership that will stimulate innovation, ease market access, and foster investment.
Businesses in India and the UK stand to gain, as it lays the groundwork for scaling up cooperation across key growth sectors," said Bharti Enterprises chairman Sunil Mittal.
Shahi Exports MD Harish Ahuja, who leads Ficci's foreign trade & trade facilitation committee, added the agreement will boost India's export competitiveness, particularly in labour-intensive sectors including textiles and apparels.
"Assocham believes the deal will not only boost export potential and manufacturing competitiveness, but also open new growth avenues in innovation & services," said industry body's chief Sanjay Nayar.
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Time of India
40 minutes ago
- Time of India
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According to Shradha Suri Marwah, president, ACMA, the FTA will benefit the component sector through better "export opportunities in areas such as electric mobility, precision engineering, and lightweight materials." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Beautiful Female Athletes Right Now Undo Rajaa is unequivocal about how big the potential can be. "In the auto and auto components, the tariff reduction from over 100% to just 10% creates massive upside," he says. "Tamil Nadu's globally connected auto industry, which includes companies like Tata Motors (through Jaguar Land Rover) and TVS Motor Company (which owns Norton), can now seamlessly integrate their UK and Indian operations, scaling faster and creating more high-value jobs here in the state," he adds. State-headquartered auto giants are chuffed about this chance to tap the global market via the UK. 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Given that the UK is India's third-largest trading partner as far leather and leather products are concerned and TN clocked $1.63 billion in leather exports in FY24-25, the zero duty deal is important for the state's exporters. With inputs from Vaitheeswaran B Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
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an hour ago
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