– Indian textile, jewellery and agriculture sector will get a new position in the global market
– Haryana’s MSMEs and exporters will get direct benefits
Gurugram : The historic trade agreement between India and Britain is a turning point for the Indian industry. This agreement will give new impetus to trade between the two countries and 99 percent of exports from India to Britain will now be duty free, making the products competitive and directly benefiting the exports.
Deepak Maini, Chairman of the Progressive Federation of Trade and Industry, welcomed the agreement and said that now the 12 percent import duty on Indian textiles in Britain has been abolished, which will give a big boost to the export of readymade garments, fabric and textile products. In the field of gems and jewellery, trade is also expected to double in five years.
Deepak Maini said that this agreement will prove to be extremely beneficial especially for industrial states like Haryana. Thousands of units related to textiles, auto parts, engineering goods and handloom in cities like Gurugram, Faridabad, Panipat, Sonipat and Hisar will get easy access to the UK market. This will give global recognition to the MSME sector of the state and will increase export based employment.
He informed that under this agreement, exports from India to Britain are expected to increase by $ 34 billion in the next few years. Agricultural products, spices, basmati rice, and Ayurvedic products will also get exemption for export without duty, which will also benefit farmers and rural areas.
Deepak Maini congratulated Prime Minister Narendra Modi and British Prime Minister Keir Starmer for this historic agreement and said that this will give a new direction to Indian trade, employment and investment. The industrial scenario of entire North India including Haryana will completely change due to this.