Empowering India: PM Modi Unveils Strategies Behind Successful FTAs to Boost Manufacturing and Services!
In a significant announcement on Sunday, February 15, 2026, Prime Minister Narendra Modi reflected on India’s remarkable success in securing free trade agreements (FTAs) with 38 countries. Speaking to the Press Trust of India (PTI), Modi emphasized that these negotiations were made possible by the nation’s robust manufacturing and services sectors, as well as its vibrant micro, small, and medium enterprises (MSMEs).
“India’s capability in manufacturing, services, and MSMEs has empowered us to negotiate these trade pacts from a position of strength,” Modi stated. The Prime Minister noted that the FTAs are meticulously designed to enhance market access for MSMEs, particularly in key sectors such as textiles, leather, chemicals, handicrafts, and gems.
The importance of these trade agreements cannot be overstated as they represent a strategic move to bolster India’s economic vitality. By opening doors to international markets, the agreements not only create opportunities for growth and diversification but also incentivize innovation and competitiveness among local businesses. Modi’s government aims to position India as a formidable player in the global economy, leveraging its strengths for mutual benefit.
Furthermore, these FTAs are expected to facilitate smoother trade and reduce tariffs, ultimately benefiting consumers and businesses alike. The Prime Minister elaborated on the ambitious vision backing these agreements, which underscores India’s commitment to economic reform and global engagement.
As India navigates through complex global trade dynamics, Modi’s government is diligently working to ensure that the interests of domestic industries, particularly MSMEs, are front and center. “Our FTAs are designed with the goal of expanding market access for these vital sectors, which are crucial for employment and economic stability,” he remarked.
Industry experts have welcomed this initiative, viewing it as a pivotal step toward integration into international supply chains. The focus on MSMEs aligns with India’s broader economic objectives, including generating jobs and fostering sustainable growth. By facilitating greater access to foreign markets, the government seeks to empower small and medium enterprises, enabling them to thrive amidst competition.
While the specifics of the FTAs continue to evolve, the overarching narrative points towards a proactive approach in trade relations, highlighting India’s readiness to adapt and leverage its strengths. The Prime Minister urged stakeholders across sectors to embrace the opportunities these agreements present, reinforcing the government’s dedication to supporting local businesses in the face of globalization.
As this story develops, further insights into the impact of these trade agreements will be revealed, promising to reshape the landscape of India’s economy. For ongoing details and updates on these initiatives, readers are encouraged to stay tuned.
The landscape of international trade is changing, and India is actively positioning itself at the forefront. With a focus on MSMEs and strategic partnerships with multiple nations, the Indian economy is set to take significant strides on the global stage.
This developing story will continue to unfold, and updates will be provided as new information becomes available.
Original Source: https://www.livemint.com/news/india/pm-modi-sheds-light-on-how-india-negotiated-multiple-ftas-with-foreign-nations-stronger-manufacturing-services-11771160385638.html
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Publish Date: 2026-02-15 18:41:00
