Reduced tariffs under India-UK FTA will strengthen textile sector: Experts

The Indian textile industry has welcomed the India-UK Free Trade Agreement (FTA), recognizing it as a significant step towards increasing India's presence in the UK market. Industry leaders believe this agreement will unlock new opportunities for exporters, boosting trade, employment, and global competitiveness.Santosh Katariya, President of the Clothing Manufacturers Association of India (CMAI), highlighted the UK's potential as a growing and promising market for Indian textile and apparel products.He pointed out that the recent tariff developments in the US have underscored the need for diversifying export destinations, making this FTA especially timely."Post the latest US tariff announcement, there was a strong need to diversify textile exports and with this FTA agreement, India's knitted and woven apparel can now gain substantial foothold in the UK market," Katariya told news agency ANI.He further noted, "By emphasizing on Sustainability, Quality and Digital Marketing, not only our Exports but Indian brands will also get an opportunity to stand out with reduced prices for UK consumers."Experts believe that the reduced tariffs under the FTA will drive demand for Indian textiles in the UK, resulting in increased export volumes.The agreement is also expected to stimulate investment and enhance the ease of doing business for textile stakeholders in both countries.A. Sakthivel, Vice Chairman of the Apparel Export Promotion Council (AEPC), also lauded the deal. He expressed gratitude to Prime Minister Narendra Modi and Union Commerce Minister Piyush Goyal for their instrumental roles in securing this historic trade pact."This is a Himalayan achievement that will provide a strong impetus to India's textile exports and boost employment and growth in the sector," said Sakthivel.He added, "The India-UK FTA is expected to pave the way for long-term growth, attract investment, and create a more favourable business environment for textile stakeholders in both countries."Industry leaders believe the India-UK FTA marks the beginning of a new era for Indian textiles, with long-term benefits anticipated in market access, innovation, and global branding.