Gujarat businesses should tap new global markets opened by Indias trade push: Dy CM Harsh Sanghavi

Surat (Gujarat) [India], August 9 (ANI): Gujarat Deputy Chief Minister Harsh Sanghavi on Sunday called on the state's business community to work with the government to tap new overseas markets opening up for Indian businesses, saying the country's expanding global trade opportunities could particularly benefit young entrepreneurs.

Thanks to PM Modi's efforts, tremendous opportunities have opened up for India's youth, especially young Indian entrepreneurs. By working together, with the state government and the business community joining forces, we will fully capitalize on these new markets in other countries that have become available to us," Sanghavi told reporters in Surat.

His remarks come as India seeks to expand market access for its exporters through trade agreements with major economies.

Surat, a major hub for diamonds, gems and jewellery and textiles, is among the cities expected to benefit from the India-UK Comprehensive Economic and Trade Agreement (CETA), which came into force on July 15.

According to the Ministry of Commerce and Industry, the agreement provides zero-duty access to the UK market for nearly 99 per cent of India's exports, covering almost the entire value of trade. The first export consignments from Surat under the agreement were flagged off from the Surat Diamond Bourse on July 15.