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The government on Thursday nudged the industry to utilise free trade agreements (FTAs), focus on value addition, build resilient supply chains, and actively diversify export markets to boost manufacturing and strengthen the country's position in global trade. All trade agreements which India has signed "is a door, but doors, however magnificently crafted, do not open themselves. It is the industry that must walk through them," said Additional Secretary in the Department of Commerce Yashvir Singh. He said the industry should use FTAs to expand market access, attract investment and technology, diversify supply chains, and build manufacturing ecosystems that can withstand global shocks. The ambition is not merely to participate in global manufacturing but to make India a reliable, competitive, and trusted partner in global value chains, he said said at a manufacturing conclave. "I place before this audience five imperatives, not suggestions, but strategic obligations. First, invest in
Prime Minister Narendra Modi's call to MSMEs to fully leverage India's growing network of free trade agreements (FTAs) is timely, as these pacts offer small businesses an opportunity to access larger global markets, integrate with global value chains and improve their competitiveness, exporters say. They also said that with preferential market access now available across several major economies, the real opportunity lies in converting these agreements into export orders. Prime Minister Narendra Modi, on Saturday, said India has finalised FTAs with about 40 countries since 2014, presenting a tremendous opportunity for the country's MSMEs, and urged small enterprises to tap these opportunities and not let the chance slip away. Addressing the country on the 80th Independence Day, he said there is a need to expand the global reach of Indian products and ensure that goods such as textiles, machinery and medicines find their way into international markets. Welcoming the government's move
Indian exporters seeking sustained growth need to adopt an integrated strategy that combines intellectual property (IP) protection, effective utilisation of free trade agreements, customs documentation, regulatory compliance, and supply chain controls, according to a report. As Indian companies expand into overseas markets across North America, Europe, the Middle East, Africa, Southeast Asia, and Latin America, IP is no longer only a legal concern; it is increasingly a business asset that influences market access, valuation, partnerships, and long-term competitiveness. For exporters, the most valuable assets should not be limited to factories or inventories alone, said the joint report by Trade Promotion Council of India (TPCI) and RNA Technology and IP Attorneys. "For Indian exporters, international growth requires an integrated operating discipline in which IP protection, FTA utilisation, customs documentation, regulatory compliance, supply-chain controls, and contractual safeguar
The India-UK free trade agreement opens market access but does not automatically translate into higher exports, and the country must strengthen standards, certification, logistics and buyer linkages to realise its full benefits, economic think tank GTRI said on Saturday. The India-UK Comprehensive Economic and Trade Agreement (CETA) will come into force from July 15. "Without parallel work on standards, certification, logistics, regulatory approvals and buyer networks, much of the opportunity will remain on paper. The agreement opens the door; India must now convert access into exports," the Global Trade Research Initiative (GTRI) said. Citing example, GTRI Founder Ajay Srivastava said while food exporters need better testing, traceability and compliance with UK sanitary and phytosanitary rules;machinery and electronics firms need certification, technology and stronger buyer links. Similarly automobile exporters must meet rules-of-origin and technical requirements; and the garment,