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A new chapter in bilateral trade
Financial Express Chandigarh
|July 25, 2025
The India-UK free trade pact, offering duty-free access and removal of trade barriers, is expected to boost the export competitiveness of India's labour-intensive textile and apparel sectors.
Industry experts estimate the deal could unlock additional export opportunities worth ₹6,000-7,000 crore and double India's export market share in the UK to 12% over the next two years.
The leather industry expects to gain at least 5% additional market share in the UK in 1-2 years, outpacing competitors like Vietnam, Indonesia, Cambodia, Turkey, and Bangladesh, especially in value-conscious retail and brand segments.
This story is from the July 25, 2025 edition of Financial Express Chandigarh.
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