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India-US Trade Deal Boosts MSMEs, Opens American Market Access

The Confederation of All India Traders (CAIT) has hailed the finalised first tranche of the India-US trade deal as a major boon for the Micro, Small, and Medium Enterprises sector. The agreement is expected to provide improved market access and tariff benefits for key Indian export sectors like textiles, gems, jewellery, and generic pharmaceuticals. CAIT Secretary General Praveen Khandelwal stated the deal will enable MSMEs to scale up production, expand globally, and generate substantial employment. The agreement also aims to strengthen the Make in India initiative while safeguarding India's interests in sensitive agricultural sectors.

Key Points: India-US Trade Deal: Major Boost for MSME Sector, Says CAIT

  • Opens US market for Indian MSMEs
  • Benefits textiles, gems, pharma sectors
  • Boosts Make in India & exports
  • Safeguards agricultural interests
2 min read

India-US trade deal comes as boon for MSME sector: CAIT

CAIT hails India-US trade deal as a boon for MSMEs, enhancing exports in textiles, gems, pharma & more. A milestone for Make in India.

"This trade deal... marks a major milestone in India's journey towards becoming a global economic powerhouse. - CAIT statement"

New Delhi, Feb 8

The Confederation of All India Traders said on Sunday that the Micro, Small, and Medium Enterprises sector of India sees greater opportunities of business in the American market with the finalisation of the first tranche of the India-US trade deal.

"This trade deal reached under the visionary and decisive leadership of Prime Minister Narendra Modi marks a major milestone in India's journey towards becoming a global economic powerhouse comes as a boon for the MSME sector. This agreement reflects India's growing stature as a confident, competitive and reliable trade partner on the world stage," a CAIT statement said.

CAIT Secretary General Praveen Khandelwal said that the trade deal will significantly benefit several key Indian sectors, including textiles and apparel, leather and footwear, gems and jewellery, generic pharmaceuticals, automobile and aircraft components, chemicals, plastics and rubber products, home decor, handicrafts and select engineering goods.

Improved market access and tariff rationalisation will enhance India's export competitiveness in the world's largest economy, he added.

He also said that most importantly, the agreement provides a strong and timely boost to the MSME sector, which forms the backbone of India's economy.

"By opening up larger export opportunities, the deal will enable MSMEs to scale up production, expand globally and generate substantial employment, especially for youth and women."

It will also strengthen the "Make in India" initiative by integrating Indian enterprises more deeply into global value chains, Khandelwal added.

"At the same time, the agreement safeguards India's core national interests, particularly in sensitive agricultural and rural sectors, underscoring the Indian government's balanced and farmer-centric trade approach," the CAIT Secretary General said.

"Overall, the India-US trade deal is a forward-looking initiative that will accelerate exports, promote entrepreneurship and reinforce India's path towards "Atmanirbhar Bharat" and "Viksit Bharat"," Khandelwal added.

CAIT is the apex national body representing more than nine crore traders and 40,000+ trade associations in India's non-corporate sector.

Established in 1998, it advocates the interests of small businesses and retailers, focusing on policy reforms, digital adoption, and promoting fair trade practices.

CAIT acts as a bridge between the government and the trading community to foster, support, and sustain the growth of small and medium-sized enterprises.

- IANS

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Reader Comments

R
Rajesh Q
Good step, but implementation is key. MSMEs often struggle with complex paperwork and compliance. The deal must come with simplified processes and financial support from banks. Let's see if the benefits actually reach the ground level.
A
Aman W
Protecting our farmers is crucial. Glad to read the agreement safeguards agricultural interests. MSME growth + food security = a balanced approach. Jai Kisan, Jai Vyapar!
S
Sarah B
As someone working in the textiles export sector, the tariff rationalisation mentioned is the most important part. It directly impacts our price competitiveness. This could lead to significant job creation in clusters like Tiruppur and Ludhiana.
V
Vikram M
Make in India getting a global push! This is how we build a Viksit Bharat. MSMEs are the real engines of our economy. Hope our small manufacturers are ready to meet the scale and quality demands of the US market.
K
Kavya N
The focus on employment for youth and women is very encouraging. Many women-led artisan cooperatives can now dream bigger. However, CAIT and the government must ensure training and digital literacy reach the grassroots.
D
David E
While the optimism is understandable, let's temper it with caution. Trade deals often have fine print. We need to see

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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