FKCCI says FTAs with UK, others aid MSME market access

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.