Boosting India’s technical textile exports to the UK, the India-UK Comprehensive Economic Trade Agreement (CETA) will help increase them to $1 billion by 2030 from the current export value of $240 million.
CETA will grant India 100 per cent duty-free access for its exports, giving Indian manufacturers a crucial competitive edge over rivals like China. To help exporters capitalize on this opportunity, the Man-Made Textile Export Promotion Council (MATEXIL) will provide support and guidance.
This strategic partnership is expected to strengthen India’s position in the global technical textiles market and foster greater trade between the two nations.
