Textile, shrimp stocks rally up to 12% as India concludes talks on 'mother of all trade deals' with EU
Export-oriented textile and shrimp stocks surged up to 12% following the conclusion of India-EU free trade agreement negotiations after 18 years of discussions. Apex Frozen Foods led gains with a 12% rally, while textile majors like Gokaldas Exports and Vardhman Textiles rose 5% each. The EU remains India's largest trading partner with bilateral trade of around $136 billion in 2024-25. Additional optimism emerged from potential U.S.-India trade deal prospects after Trump's positive remarks about PM Modi at the World Economic Forum.
Export-oriented textile and shrimp stocks surged up to 12% following the conclusion of India-EU free trade agreement negotiations after 18 years of discussions. Apex Frozen Foods led gains with a 12% rally, while textile majors like Gokaldas Exports and Vardhman Textiles rose 5% each. The EU remains India's largest trading partner with bilateral trade of around $136 billion in 2024-25. Additional optimism emerged from potential U.S.-India trade deal prospects after Trump's positive remarks about PM Modi at the World Economic Forum.
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