Closing the Gap: India Gains Edge Over Bangladesh & Vietnam

INDIA-UK FTA expected to come into force from 15th July, 2026: Benefits to India's Textile Sector. Poised to give zero-duty access to India's textile exports likely to be a big booster help revive exports over near/mid term. Which means that it will eliminate 8–12% of the import duties on textiles and garments that we currently pay, opening up a US$28 billion UK market for us, where we currently export only about US$1.5 billion.

The ball has been thrown it is no upto the sector to optimize, and perform!

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Now, it is not just the UK. The proposed India–EU FTA could also provide duty-free access to a US$260 billion market. India already exports about US$5 billion worth of textiles and apparel to the EU, and that agreement is expected to be signed by the end of this year.As a direct benefit, India closes the tariff gap with Bangladesh, Cambodia and Vietnam, improving its competitiveness in key markets such as apparel, home textiles and other textile products.
Analysts estimate a 5% market share improvement in the UK over the next few years and a potential doubling of textile and apparel exports to the EU within five to seven years.
There are, however, a few areas that we need to watch out for. Rules of origin, sustainability requirements and compliance standards will be important both from the government side and from the buyers’ side. CITATION: CNBCTV18 today sector report.

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