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.

— Source publishedFri, 19 Jun, 2026, 17:45 IST·First seen Fri, 19 Jun, 2026, 18:35 IST·Source Financial Express · BrandWagon

What happened

Indian Texpreneurs Federation · India-UK CETA, effective July 15, eliminates 12% UK tariff on Indian textiles and 16% on leather/footwear. Exporters project

Key facts

  • 15%
  • $1.8 billion
  • 5%
  • 12%
  • 16%
  • £2.9 billion
  • £475 million
  • £175 million
  • £55 million

Why this matters

Scout Indian textile and footwear platforms with UK retailer relationships for partnership or acquisition before duty-free tailwinds get priced into multiples.