New Delhi: Industry bodies representing alcoholic beverage makers on Wednesday welcomed the implementation of the India-UK Free Trade Agreement (FTA), saying it would boost bilateral trade, support premiumisation of the domestic market and strengthen the spirits value chain, even as domestic manufacturers sought withdrawal of concessions enjoyed by imported liquor brands in some states.
The Confederation of Indian Alcoholic Beverage Companies (CIABC) said the landmark pact would further strengthen economic ties between India and the UK across sectors and lead to higher bilateral trade and investment.
