Ludhiana, May 13 -- The recently signed Free Trade Agreement (FTA) between India and the United Kingdom is being hailed as a major boost for Indian industry, with key benefits expected across multiple sectors.

Amit Jain, Chairman of the Confederation of Indian Industry (CII), Punjab, described the FTA as a "win-win" for both nations. Highlighting the impact on Punjab's industrial hubs, he said, "Ludhiana's textile and manufacturing sectors will benefit significantly. The removal of tariffs gives our exporters a much-needed competitive edge."

Previously, countries like Bangladesh enjoyed preferential access to the UK market, putting Indian exporters at a disadvantage. "This FTA levels the playing field. Now Indian manufacturers can compe...