India-UK FTA wipes out 10-12% tariff gap, Pearl Global sees UK sourcing shift
Pearl Global MD Pallab Banerjee says the India-UK FTA erases a ~10% landed cost disadvantage versus Bangladesh, Vietnam and Cambodia on $1-1.5B of annual UK apparel exports. UK retailers are already redirecting sourcing to India, lifting Pearl Global's UK share across fashion and core basics.
India-UK FTA removes 10-12% tariff disadvantage versus Bangladesh, Cambodia and Vietnam, says Pearl Global MD Pallab Banerjee. UK retailers are shifting sourcing to India, boosting investment, employment and Pearl Global's UK export share across fashion and core basic apparel categories.
Why this matters
Pearl Global, a major Indian apparel exporter, has long competed against lower-tariff Bangladesh and Vietnam suppliers in the UK. The FTA removes that structural disadvantage, opening share gains with UK retailers across both fashion and basics.
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