CTA APPARELS DR. MUKESH KANSAL INDIA-UK FREE TRADE AGREEMENT LANDMARK INITIATIVE GLOBAL TRADE PIYUSH GOYAL LONDON STRATEGIC DIALOGUES LABOUR-INTENSIVE SECTORS HIGH-GROWTH SECTORS APPAREL LEATHER FOOTWEAR TARIFF REDUCTIONS PARTNERSHIP SHARED NATIONAL
NEW DELHI, INDIA
By IFAB MEDIA - NEWS BUREAU - June 23, 2025 | 242 3 minutes read
Dr. Mukesh Kansal, Chairman of CTA Apparels, has expressed strong support for the proposed India–UK Free Trade Agreement (FTA), describing it as a “landmark initiative” that could significantly reshape global trade dynamics while boosting India’s economic presence on the world stage.
In his statement, Dr. Kansal praised Hon’ble Minister Shri Piyush Goyal’s recent visit to London and his strategic discussions with British leadership, which he believes demonstrate India’s firm commitment to strengthening its global economic partnerships, particularly in labour-intensive and high-growth sectors such as apparel, leather, and footwear.
“The India–UK Free Trade Agreement stands as a landmark initiative in shaping a more dynamic and equitable global trade architecture,” Dr. Kansal noted. “This proposed FTA goes beyond tariff reductions—it seeks to build a forward-looking partnership rooted in shared prosperity, trust, and innovation.”
Highlighting the FTA’s potential, Dr. Kansal emphasized that the removal of duties on major Indian exports, coupled with improved access for UK products, would establish a more balanced and mutually beneficial trade relationship. He further pointed to the ambitious target of doubling bilateral trade between India and the UK to USD 120 billion by 2030, calling it a compelling vision capable of driving job creation, attracting investment, and enhancing industrial competitiveness for both nations.
Dr. Kansal concluded by underlining the importance of collective action, stating, “This is a defining moment, and it deserves the collective resolve of industry, policymakers, and global stakeholders to translate intent into transformative outcomes.”
The proposed India–UK FTA is currently under negotiation and is widely seen as a critical step towards deepening economic cooperation between the two countries, with far-reaching implications for key sectors of India’s export economy.