London, July 25 -- Addressing concerns over UK companies entering India's Government Procurement (GP) space under the new India-UK FTA, Sunil Bharti Mittal, Chairman of Bharti Enterprises, said the move will ultimately benefit Indian MSMEs, as UK firms will need to establish manufacturing units in India to remain competitive, benefiting India's MSMEs.

Speaking exclusively to the ANI, Mittal acknowledged that while UK companies can now participate in government procurement, there is a threshold above which they can bid.

The concerns on Government Procurement were raised by the experts, who stated that the access to the British firms in the GP process will hinder the compatibility of Indian small firms.

As agreed by the two countries, UK...