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India Poised to Double Garments Market in UK
The Business Guardian
|May 12, 2025
India is expected to double its market share from 6 percent in 2024 to 12 percent in the UK's readymade garments (RMG) imports, translating into an incremental annual export opportunity of around USD 1.1-1.2 billion in the near to medium term, according to CareEdge Ratings.
On May 6, India and the UK successfully concluded an ambitious and mutually beneficial Free Trade Agreement (FTA) that will open up massive export opportunities for many labour-intensive sectors in India. The Commerce Ministry said that 99 percent of Indian exports will benefit from zero duty.
This story is from the May 12, 2025 edition of The Business Guardian.
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