Srinagar, July 24 -- Signed in the presence of Prime Minister Narendra Modi and UK Prime Minister Keir Starmer, details reveal that the agreement is hailed as a major step in economic integration.

Commerce and Industry Minister Piyush Goyal stressed that the pact would empower artisans, women-led enterprises and MSMEs, which form a vital part of India's export ecosystem.

Stakeholders believe this could positively impact Kashmir's traditional sectors as well. Globally renowned crafts such as Pashmina shawls, Sozni embroidery, Papier-mache, walnut wood carving and Kani weaving are likely to benefit from easier access to the UK market, reduced export costs and expanded demand.

Local entrepreneurs and exporters see the development as a pos...