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Business Standard
7 days ago
- Business
- Business Standard
India-UK CETA: A Boost for India's Technical Textile Exports to the UK
PNN Mumbai (Maharashtra) [India], August 4: The recently signed India-UK Comprehensive Economic Trade Agreement (CETA) by the Hon'ble Prime Minister of India, Shri Narendra Modi, and the Prime Minister of the United Kingdom, Mr. Keir Starmer, marks a transformative milestone in strengthening economic and trade ties between the two countries. The Agreement offers 100% duty-free market access for Indian exports to the UK, covering 99% of the UK's tariff lines, thereby unlocking new opportunities for several sectors, particularly Technical Textiles. Bhadresh Dodhia, Immediate Past Chairman of MATEXIL (Manmade Fibre and Technical Textiles Export Promotion Council), who was part of the High-Powered Business Delegation accompanying Prime Minister Modi to the UK, said "This historic agreement is poised to open substantial new market opportunities for India's Technical Textiles sector. India will now enjoy a significant competitive edge over China in this domain, as China does not have any FTA with the UK." The UK currently imports Technical Textiles worth over USD 7 billion annually. India, with its growing capabilities, can scale up its exports in this segment from USD 240 million at present to over USD 1 billion by 2030. Shaleen Toshniwal, Chairman, MATEXIL, welcomed the CETA and emphasized that key sub-segments such as Agrotech, Geotech, Hometech, Indutech, Packtech, and Sportech are poised for strong growth under the agreement, citing India's cost competitiveness and manufacturing strength. Further , he added that "With the removal of tariff barriers, Indian exporters can now significantly enhance their footprint in the UK across high-potential categories like medical textiles, protective wear, geo-textiles, industrial fabrics, and agro-tech textiles." India already possesses the technical capability to produce high-performance textiles in line with global standards. The India-UK CETA will allow Indian manufacturers to compete on equal terms with global players in the UK market. MATEXIL, which is entrusted with the export promotion of both Manmade Fibre Textiles and Technical Textiles, is actively collaborating with industry stakeholders and the Ministry of Textiles to: - Identify priority export products, - Support compliance with UK regulatory and sustainability standards, and - Facilitate buyer-seller linkages and certification support. Bhadresh Dodhia further advised exporters that "Until the agreement is fully implemented, Indian Technical Textile exporters should proactively study UK market requirements, technical standards, and sustainability norms to better position themselves and maximize the benefits of the CETA."
Economic Times
31-07-2025
- Business
- Economic Times
India eyes $1 billion in technical textile exports to UK by 2030 under new CETA trade deal
Getty Images India-UK FTA (Image for representation) India's exports of technical textiles to the UK could rise to $1 billion by 2030 from $240 million now, aided by the India–UK Comprehensive Economic Trade Agreement (CETA) which was signed last UK currently imports technical textiles worth over $7 billion annually. 'Key sub-segments such as Agrotech, Geotech, Hometech, Indutech, Packtech, and Sportech are poised for strong growth under the agreement,' said Shaleen Toshniwal, chairman, Manmade Fibre and Technical Textiles Export Promotion Council (MATEXIL), citing India's cost competitiveness and manufacturing strength. The agreement offers 100% duty-free market access for Indian exports to the UK, covering 99% of the UK's tariff lines, thereby unlocking new opportunities for several sectors, particularly technical textiles. 'With the removal of tariff barriers, Indian exporters can now significantly enhance their footprint in the UK across high-potential categories like medical textiles, protective wear, geo-textiles, industrial fabrics, and agro-tech textiles,' he added. Bhadresh Dodhia, Immediate Past Chairman of MATEXIL said India will now enjoy a significant competitive edge over China in this domain, as China does not have any FTA with the UK.'Until the agreement is fully implemented, Indian technical textile exporters should proactively study UK market requirements, technical standards, and sustainability norms to better position themselves and maximize the benefits of the CETA,' Dodhia support the industry, MATEXIL will soon be organizing outreach programmes, B2B meetings, and market intelligence sessions to ensure that Indian exporters are well-prepared to capitalize on the immense opportunities offered under the India–UK CETA.
Time of India
31-07-2025
- Business
- Time of India
India eyes $1 billion in technical textile exports to UK by 2030 under new CETA trade deal
India's exports of technical textiles to the UK could rise to $1 billion by 2030 from $240 million now, aided by the India–UK Comprehensive Economic Trade Agreement (CETA) which was signed last week. The UK currently imports technical textiles worth over $7 billion annually. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Management MCA Technology Leadership Project Management Design Thinking Data Science Healthcare others Cybersecurity Finance Data Science Others MBA Public Policy PGDM Product Management Data Analytics Operations Management CXO Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details 'Key sub-segments such as Agrotech, Geotech, Hometech, Indutech, Packtech, and Sportech are poised for strong growth under the agreement,' said Shaleen Toshniwal, chairman, Manmade Fibre and Technical Textiles Export Promotion Council ( MATEXIL ), citing India's cost competitiveness and manufacturing strength. The agreement offers 100% duty-free market access for Indian exports to the UK, covering 99% of the UK's tariff lines, thereby unlocking new opportunities for several sectors, particularly technical textiles. 'With the removal of tariff barriers, Indian exporters can now significantly enhance their footprint in the UK across high-potential categories like medical textiles , protective wear, geo-textiles, industrial fabrics, and agro-tech textiles,' he added. Bhadresh Dodhia, Immediate Past Chairman of MATEXIL said India will now enjoy a significant competitive edge over China in this domain, as China does not have any FTA with the UK. 'Until the agreement is fully implemented, Indian technical textile exporters should proactively study UK market requirements, technical standards, and sustainability norms to better position themselves and maximize the benefits of the CETA,' Dodhia said. To support the industry, MATEXIL will soon be organizing outreach programmes, B2B meetings, and market intelligence sessions to ensure that Indian exporters are well-prepared to capitalize on the immense opportunities offered under the India–UK CETA.
