New Delhi, July 24 -- Engineering Export Promotion Council of India (EEPC) India has welcomed the signing of the India-UK Free Trade Agreement (FTA) as a landmark achievement that will significantly boost India's engineering exports and deepen bilateral economic ties.
The United Kingdom, India's sixth largest engineering export destination, recorded a strong 11.7 per cent growth in trade during 2024-25.
The EEPC India added in its statement that despite this momentum, India's exports to the UK stand at just USD 4.28 billion--less than 2.2 per cent of the UK's total engineering imports of USD 193.52 billion--highlighting vast untapped potential.
The FTA's elimination of tariffs, which previously reached up to 18 per cent on key engineer...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.