The conclusion of the India-UK Free Trade Agreement (FTA) brings an exciting new phase for India’s textile industry, especially in sectors like denim and apparel. The agreement ensures that 99 per cent of Indian textile exports, including garments and fabrics, will now benefit from duty-free access to the UK market, which previously imposed import duties of 10-12 per cent. This move is a substantial step toward improving the global competitiveness of Indian manufacturers like us who specialize in high-quality denim.
By eliminating these tariffs, Indian textile products, including denim and casual wear, will become more cost-competitive in the UK, allowing brands to strengthen their foothold in one of their largest export markets. This will help reduce production costs and enhance pricing flexibility for manufacturers, positioning them to capture a larger share of the UK market. The removal of duties is expected to increase the demand for Indian textiles, driving an estimated $5 billion boost in exports across the sector.
This agreement is in sync with the larger objective of positioning India as a global leader in the textile industry, further opening up international markets and enabling manufacturers to stay competitive. By capitalizing on this shift, brands can drive sustainable growth and contribute to India’s thriving textile sector.
This opinion has been presented by Suketu Shah, CEO, Vishal Fabrics