Union commerce minister Piyush Goyal and his British counterpart Jonathan Reynold during the signing of the Comprehensive Economic and Trade Agreement (CETA), in the UK. NEW DELHI: Indian negotiators are targeting labour-intensive goods and services to boost India's tiny 1.9% share of UK imports. So, readymade garments or home textiles, carpets, handicrafts and traditional items such as pashmina shawls or Kanchipuram or bandhini sarees are expected to gain. Indian exporters hope to replace competitors across a variety of engineering goods, including machinery and components, where zero-duty access will be provided to 1,659 items. With exports of $4.3 billion, India holds a small share of the $194 billion machinery imports by British businesses.
Source: The Times July 24, 2025 22:36 UTC