The India-UK Free Trade Agreement (FTA) is expected to significantly strengthen India's apparel exports by eliminating a long-standing tariff disadvantage against competing manufacturing hubs such as Bangladesh and Cambodia. Industry leaders believe the agreement will not only improve India's price competitiveness but also encourage fresh investments, boost exports and create new employment opportunities.
Speaking to ET Now, Pallab Banerjee, MD, Pearl Global said the agreement comes at a crucial time for the country's textile and garment sector, which has historically faced higher import duties in the UK despite being a major supplier.
