'US-UK FTA can serve as launch pad for Indian firms to enter US mkt'

MEA's Dammu Ravi says Indian firms can leverage the US-UK trade pact to expand into American markets, but cautions on supply chain gaps and infrastructure hurdles

The latest comprehensive trade agreement inked between the US and the UK also opens a window of opportunity for Indian companies which can use it as another launching pad to enter the American market, said Dammu Ravi, Secretary (Economic Relations) at the Ministry of External Affairs.

 

While the market size of the UK is small, the US-UK FTA offers Indian-owned automakers and others operating in Britain a big opportunity, Ravi said on Friday. He was speaking at the annual general meeting of the Public Affairs Forum of India.

 

One of the firms expected to reap benefit from this treaty is