India-EU FTA to Boost Textile Industry, Create Jobs: Raymond MD Gautam Singhania

• Raymond Group MD Gautam Singhania stated that the India-EU Free Trade Agreement (FTA) could significantly boost India's textile industry.
• Zero-duty access for textiles under the FTA would enhance global competitiveness and generate substantial employment.
• Singhania highlighted textiles as one of India's largest employment-generating sectors, set to benefit from improved EU market access.
• A strong trade agreement with the EU could also strengthen India's position in future trade negotiations with other major economies like the US.
• He praised efforts by Indian states and the central government to attract investment and sign key agreements, citing recent engagements at the World Economic Forum in Davos.

Why It Matters: India-EU FTA with zero-duty textile access promises significant growth and job creation for India's textile sector.