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India Targets $1 Billion in Technical Textile Exports to UK by 2030

Written by: Team Angel OneUpdated on: 1 Aug 2025, 11:10 pm IST
India plans to raise technical textile exports to the UK from $240 million to $1 billion by 2030, backed by a new duty-free trade agreement.
India Targets $1 Billion in Technical Textile Exports to UK by 2030
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India’s technical textile exports to the UK are expected to increase from $240 million currently to $1 billion by 2030, as per news reports. The growth projection comes after the signing of the India-UK Comprehensive Economic Trade Agreement (CETA) last week.

Duty-Free Access for Indian Goods

Under the agreement, Indian exports will receive 100% duty-free access to the UK market. The deal covers 99% of the UK’s tariff lines and includes major sectors such as technical textiles, which are expected to benefit from the removal of trade barriers.

India Gains Edge Over China

Bhadresh Dodhia, former Chairman of the Manmade Fibre and Technical Textiles Export Promotion Council (MATEXIL), noted that the agreement gives India a competitive edge, as China currently does not have an FTA with the UK. He was part of the business delegation that visited the UK with the Prime Minister.

The UK imports over $7 billion worth of technical textiles each year. India is aiming to raise its share in this segment, supported by the trade agreement and growing domestic manufacturing capacity.

Focus Areas 

As per news reports, sub-segments such as agrotech, geotech, hometech, indutech, sportech, and packtech are expected to see export growth. Indian manufacturers are already producing high-performance technical textiles that align with international quality benchmarks.

Implementation and Industry Support

MATEXIL is working with the Ministry of Textiles and exporters to identify priority products, ensure regulatory compliance, and facilitate certifications. Exporters have been advised to begin studying UK market requirements and sustainability norms while the agreement is rolled out.

Read More: India and UK Signed FTA: What's Getting Cheaper for Both Nations?

Conclusion

With duty-free access in place and support from trade bodies, India is looking to significantly increase its technical textile exports to the UK by 2030. The current base of $240 million could see a more than fourfold jump, tapping into one of the world’s largest import markets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Aug 1, 2025, 2:05 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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