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.
What happened
India-UK FTA removes 10-12% tariff disadvantage versus Bangladesh, Cambodia and Vietnam, says Pearl Global MD Pallab Banerjee. UK retailers are shifting
Key facts
- $1-1.5 billion annual UK apparel exports
- 10-12% tariff removed
- ~10% landed cost disadvantage
Why this matters
The 10-12% tariff erasure makes Indian apparel exporters with UK retailer relationships strategically scarce assets—worth scoping bolt-on targets in India that have idle capacity or anchor UK accounts.