Trade

India-UK FTA to be Finalized by Diwali

India-UK FTA

The global apparel market which was just under 1.5trillion USD in 2013 is expected to generate revenues to the tune of 1.8trillion USD in 2022 and 1.9trillion in 2025 before it closes to 2 trillion in 2026.

India offers to the world a complete value chain solution from farm to fashion giving us a competitive edge by shortened lead times to reach our buyers.

At this junction where on one hand there is an increased demand for apparels from India on the other all countries are eager to join India for sourcing and business.

PIYUSH GOYAL, TEXTILE MINISTER
PIYUSH GOYAL, TEXTILE MINISTER

“As we offer a huge opportunity and promise to the world we are now moving ahead for FTA with Canada, EU, UK. Australia, Even GCC and Israel along with Eurasia and Brazil have shown their interest to forge FTA with India.  I am hopeful that by Diwali, India-UK FTA will be concluded”

, said Textile Minister Piyush Goel.

After India UAE and India Australia agreement; India UK FTA will pave a very strong growth for the Indian apparel and textile industry.

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