FICCI Hails Landmark India-UK FTA

• FICCI welcomed the signing of the landmark India-UK Free Trade Agreement.
• FICCI leaders called the FTA a key milestone for India’s global economic integration.
• The agreement is expected to boost domestic industries and export competitiveness.

GG News Bureau
New Delhi, 26th July: The Federation of Indian Chambers of Commerce and Industry (FICCI) has enthusiastically welcomed the signing of the India-UK Free Trade Agreement (FTA), calling it a pivotal moment in India’s evolving trade landscape. On July 24, 2025, FICCI President Mr. Harsha Vardhan Agarwal stated that the agreement aligns with India’s vision for deeper global economic integration and complements the objectives of ‘Atmanirbhar Bharat’ (Self-reliant India) by empowering domestic industries to compete globally and leverage value chains more effectively.

Mr. Anant Goenka, Senior Vice President, FICCI, termed the FTA a “watershed moment” for the partnership between the two nations, emphasizing its significance for businesses by providing enhanced market access and greater certainty for Indian exporters. Dr. Anish Shah, Immediate Past President, FICCI, highlighted the agreement as a “transformative moment in the global economic landscape,” envisioning it as a blueprint for a modern, values-led partnership centered on innovation, sustainability, and inclusive growth.

Ms. Jyoti Vij, Director General, FICCI, underscored the FTA as a “historic milestone” and a testament to India’s increasing influence in the global economy. She noted that the pact is expected to boost bilateral relations, trade, and investment. Mr. Harish Ahuja, Chairman of FICCI’s Foreign Trade and Trade Facilitation Committee, further added that the agreement is poised to enhance India’s export competitiveness, particularly in labour-intensive sectors like textiles and apparels. He anticipates new prospects for domestic manufacturing, accelerated export growth, and deeper integration into global value chains under the leadership of the Prime Minister.

FICCI views this development as a crucial step towards fostering a more resilient and opportunity-driven trade ecosystem that will benefit both economies and their people.