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MSMEs in labour-intensive industries to get an edge
Financial Express Mumbai
|July 25, 2025
DUTY-FREE ACCESS to the UK's $23 billion market under the trade pact will give Indian micro, small and medium enterprises (MSMEs) an edge over competitors in labour-intensive sectors such as leather & footwear, textiles & clothing, gems & jewellery, furniture, and sports goods.
Beyond labour-intensive industries, MSMEs in marine, agriculture, pharmaceuticals, chemicals, electronics, sports goods, engineering, gems and jewellery, oilseeds, soft plantations, and alcoholic beverages stand to benefit, scaling up production and innovation, officials said.
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