The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) stated that Free Trade Agreements, including the India-UK pact, provide favourable market access to MSMEs. FKCCI President Uma Reddy noted over 6.3 crore MSMEs contribute nearly 30% to India's GDP. Effective use of FTAs can be transformational for the sector. This matters as MSMEs are vital to economic growth.
The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) stated that Free Trade Agreements, including the India-UK pact, provide favourable market access to MSMEs. FKCCI President Uma Reddy noted over 6.3 crore MSMEs contribute nearly 30% to India's GDP. Effective use of FTAs can be transformational for the sector. This matters as MSMEs are vital to economic growth.