Blitz Bureau
NEW DELHI: India’s apex business chambers and trade organisations hailed the landmark India-UK Free Trade Agreement, terming it a major milestone achieved under the leadership of Prime Minister Narendra Modi.
“CII commends the Government of India for finalising the landmark India-UK Free Trade Agreement. This transformative accord reflects our shared commitment to deepening economic ties, bolstering technology collaboration, diversifying global supply chains, and fostering a more business-friendly environment,” said Sanjiv Puri, President of the Confederation of Indian Industry.
Federation of Indian Export Organisations President SC Ralhan said: “The India–UK FTA eliminates or significantly reduces tariffs on a wide range of Indian goods, giving our exporters preferential access to one of the world’s most affluent and consumption-driven markets.” He said the key sectors poised to benefit include textiles & apparel, as removal of tariffs will enhance India’s competitiveness against countries like Bangladesh and Vietnam.
Assocham President Sanjay Nayar said: “Assocham, on behalf of Indian industry, commends PM Modi for his leadership in concluding a path breaking trade agreement with the United Kingdom.” This landmark FTA and the Double Contribution Convention, he said, “is a win-win for both nations and will deepen our Comprehensive Strategic Partnership, fostering trade, investment, innovation, and wealth creation.”
The UK India Business Council (UKIBC) said the landmark trade deal, when signed, will represent a major step forward in strengthening the economic and strategic partnership between the UK and India. UKIBC Chair Richard Heald said the landmark trade deal reflects the deep trust, shared values, and mutual ambition that define the UK-India relationship.
“This agreement will unlock new opportunities for businesses across both countries, drive economic growth, create jobs, and support innovation and collaboration across sectors,” he said.
