India-UK CETA to triple Indian textile share in UK to 15%, FY27 boost seen
Effective July 15, the India-UK CETA scraps the 12% UK duty on Indian textiles and 16% on leather/footwear. Exporters project UK market share rising from ~5% to 10-15%, with apparel imports up £475 million. ITF, CITI and ICICI Securities flag FY27 as the inflection point for export gains.
India-UK CETA, effective July 15, eliminates 12% UK tariff on Indian textiles and 16% on leather/footwear. Exporters project India's UK textile market share tripling to 10-15%, with apparel imports up £475 million. Benefits from FY27.