India-UK Free Trade Agreement: Sectors Likely To Benefit
Romil Jain, a chartered financial analyst (CFA), deputy CIO and fund manager at Electrum
Portfolio Managers, shared which sectors are likely to benefit from the India-UK FTA.
Textiles and Apparel: The textile industry, especially the ready-made garments segment, is
expected to be one of the biggest beneficiaries of the India-UK FTA. Indian textile exporters,
as Jain highlighted, currently hold a 6.6 per cent share of the UK’s $27 billion textile import
market, behind China with 25 per cent, Bangladesh with 15 per cent and Turkey with 8.5 per
cent. “With FTA in place, RMG players will now have a duty-free access to the UK market and
thereby compete with other nations like Bangladesh, China, Turkey. etc.,” said Jain.