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Indian chairman says UK firms entering India's procurement under new FTA can boost local manufacturing.
Sunil Bharti Mittal, Chairman of Bharti Enterprises, says UK companies' participation in India's government procurement under the new FTA will benefit Indian MSMEs.
UK firms must establish manufacturing units in India to compete, which Mittal believes will support local enterprises.
UK suppliers can bid on orders over Rs 200 crore, but access is limited to central-level entities.
This move could enhance India's manufacturing sector while allowing UK companies to compete in large tenders.
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El presidente indio dice que las empresas del Reino Unido que entran en las compras de la India bajo el nuevo TLC pueden impulsar la fabricación local.