Tata Tele Business Services launches "Zidd Hai to Jeet Hai" Campaign as a tribute to Indian MSMEs
Brand Film: https://youtu.be/eJZun2bcltI?si=NdsafRDoKw2a2Ubq
TTBS has been instrumental in bridging the digital gap for MSMEs across diverse sectors by providing affordable, scalable solutions purpose built for their business needs. From Smartflo UCaaS to secured cloud connectivity and cybersecurity, TTBS empowers businesses to streamline operations, cut costs, and grow confidently in a digital-first economy.
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Mint
36 minutes ago
- Mint
India-UK FTA to boost leather, footwear sector; export could exceed $900 million
The United Kingdom and India signed a historic free trade agreement (FTA) on Thursday, boosting bilateral trade by around $34 billion annually. Besides this, the landmark deal will also boost India's leather and footwear exports to the UK. According to an ANI report, India's leather and footwear export could exceed $900 million, marking a major leap forward for the sector. This growth is expected as the India-UK FTA opens up new opportunities for small artisans and businesses across the country. The FTA offers duty-free access to the UK's $23 billion market, giving Indian Micro, Small and Medium Enterprises (MSMEs) a strong advantage over other countries like Bangladesh, Cambodia, and Pakistan in labour-intensive sectors such as leather and footwear, textiles and clothing, gems and jewellery, furniture, and sports goods. This is expected to unlock vast new opportunities for Indian exporters. The agreement is also likely to enhance the financial stability of small businesses, particularly for artisans, women entrepreneurs, and craftsmen, the report said. The FTA is expected provide small businesses with access to a large market like the UK, and will in turn enable these groups to support their families and communities while becoming key players in global value chains. The FTA includes provisions that encourage MSMEs to utilise digital tools, adopt e-commerce, and transition to more sustainable production methods. These changes will not only enhance efficiency but also enable Indian products to reach a broader international audience. With stronger intellectual property rights (IPR) and geographical indication (GI) protections included in the deal, MSMEs' unique and traditional products are expected to gain better recognition globally. This can increase the value of their goods in foreign markets. Increased export opportunities in labour-intensive industries, such as textiles, leather, and footwear, are expected to raise demand for skilled artisans in hubs like Tirupur and Kanpur. This, in turn, could create more jobs and boost local economies, the report added. As exports rise, private sector players in India are also expected to increase their production capacity. This is likely to lead to increased employment and improved income for individuals involved in these industries. India is now well-positioned to become one of the top three suppliers of textiles, leather, and footwear to the UK. SMEs across different states are expected to expand their production, hire more workers, and contribute to the development of their communities, the ANI report said. In addition to leather and textiles, MSMEs in other sectors, such as marine products, agriculture, pharmaceuticals, chemicals, electronics, engineering, oilseeds, alcoholic beverages, and soft commodities, are also expected to benefit from the FTA by increasing production and innovation.
Indian Express
36 minutes ago
- Indian Express
India-UK trade deal: Indian textile, gems & jewellery sectors to benefit; medical devices to get cheaper, says PM Modi
At the India-UK trade deal signing ceremony on Thursday, Prime Minister Narendra Modi said the agreement would benefit India's textile, gems and jewellery sectors, and MSMEs, while helping Indians access medical devices and aircraft parts at affordable prices. He said the deal, signed after years of effort, is not merely an economic partnership but also a blueprint for shared prosperity. 'Along with this agreement, we have also reached a consensus on the Double Contributions Convention. This will inject new energy into the service sectors of both countries, especially in technology and finance. It will promote ease of doing business, reduce the cost of doing business, and increase the confidence of doing business,' PM Modi said in London. Additionally, the UK's economy would benefit from India's skilled talent. PM Modi said these agreements would enhance investment and generate new employment opportunities in both countries. Moreover, since the agreements are between two democracies and two of the world's major economies, they would lend support to global stability and prosperity, he said. 'To give new momentum and energy to our comprehensive strategic partnership in the coming decade, today we are launching Vision 2035. Vision 2035 is a roadmap that will form the basis of a strong, trustworthy, and ambitious partnership in the fields of technology, defence, climate, education, and people-to-people connectivity,' PM Modi said. The UK government on Thursday said the trade deal would increase bilateral trade between the two countries by nearly 39 per cent in the long run — equivalent to $34 billion a year compared with projected 2040 levels of trade in the absence of an agreement (currently at $21 billion annually). PM Modi said a defence industrial roadmap had also been drawn up for partnership in defence and security, and work would continue on strengthening the technology security initiative. 'It is our commitment that from AI to critical minerals, semiconductors to cybersecurity, we shall create the future together. In the field of education too, we are writing a new chapter together. Six universities from the UK are opening campuses in India. Just last week, the University of Southampton inaugurated its campus in the city of Gurugram,' he said. 'We have continued to exchange views on peace and stability in the Indo-Pacific, the ongoing conflict in Ukraine, and the situation in West Asia. We support the early restoration of peace and stability. Respect for the sovereignty and territorial integrity of all countries is essential. Today's era demands development, not expansionism,' he added. The UK deal is significant since it marks the beginning of integration between the advanced services sectors of the UK and India. India has finally opened its doors to high-end British cars and whisky, albeit in a phased manner. The India-UK Free Trade Agreement (FTA) ensures comprehensive market access for goods across all sectors, covering all of India's export interests. India will benefit from tariff elimination on approximately 99 per cent of tariff lines, covering nearly 100 per cent of trade value — offering opportunities to boost bilateral trade between India and the UK, according to India's Commerce and Industry Ministry. Siddharth Upasani is a Deputy Associate Editor with The Indian Express. He reports primarily on data and the economy, looking for trends and changes in the former which paint a picture of the latter. Before The Indian Express, he worked at Moneycontrol and financial newswire Informist (previously called Cogencis). Outside of work, sports, fantasy football, and graphic novels keep him busy. ... Read More Ravi Dutta Mishra is a Principal Correspondent with The Indian Express, covering policy issues related to trade, commerce, and banking. He has over five years of experience and has previously worked with Mint, CNBC-TV18, and other news outlets. ... Read More
Fashion Value Chain
an hour ago
- Fashion Value Chain
PDEXCIL Hails India–UK FTA as Powerloom Sector Gamechanger
The Powerloom Development and Export Promotion Council (PDEXCIL) has lauded the recently signed India–United Kingdom Free Trade Agreement (FTA) as a significant boost for the Indian powerloom and textile sector. Signed on July 23, the FTA offers duty-free access to over 99% of Indian exports, including key powerloom products such as cotton, synthetic, and blended fabrics, along with made-ups and home furnishings. Shri K. Sakthivel, Chairman of PDEXCIL, said: 'This agreement marks a new era for Indian powerloom manufacturers and exporters. The elimination of tariffs on key textile products will significantly enhance our sector's global competitiveness, allowing MSMEs to scale up exports and tap into premium markets across the United Kingdom.' The UK has long been a top export destination for Indian textiles. Under the new FTA, Indian exporters will gain zero-duty market access for a broad range of fabric categories, strengthening their position against global competitors. Key Benefits for the Powerloom Sector: Zero-duty access for cotton, synthetic, and blended fabrics Improved market entry for value-added goods such as bedsheets, curtains, and garments Scope for technology collaboration , skill development, and joint ventures with UK firms Alignment with national goals like 'Make in India' and 'Viksit Bharat 2047' Chairman Sakthivel praised the visionary leadership of Hon'ble Prime Minister Shri Narendra Modi, and appreciated the efforts of Hon'ble Commerce and Industry Minister Shri Piyush Goyal, whose strategic negotiations ensured favorable terms for the textile industry. For more information, visit: | Contact: info@
