Jindal Worldwide expects 15-20% export growth in FY27 due to India-UK FTA
Jindal Worldwide anticipates 15-20% export growth in FY27 following the India-UK FTA. The company aims to more than double exports in three years. The FTA is expected to eliminate tariffs, improve competitiveness, and create long-term growth opportunities by providing a level playing field in the UK market.
The India-UK FTA is expected to lead to significant export growth (15-20% in FY27 and doubling in three years) and enhance the company's global competitiveness, directly impacting its top line and market position.
The company expresses optimism and views the India-UK FTA as a landmark achievement and a significant growth opportunity, expecting substantial export growth.
Jindal Worldwide Limited has welcomed the signing of the India-UK Free Trade Agreement (FTA), anticipating a significant enhancement in the competitiveness of Indian textile exports and substantial long-term growth opportunities. The FTA is expected to eliminate tariffs on a wide range of Indian textile and apparel products, providing Indian manufacturers with a level playing field in the UK market and strengthening India's position as a preferred sourcing destination.
Mr. Amit Agarwal, Vice-chairman & Managing Director, stated that the agreement finally provides Indian manufacturers with a level playing field, making products more competitive and opening up significant opportunities for export-led growth. Jindal Worldwide sees this as a strategic opportunity to strengthen its presence in the UK and other global markets. The company expects its exports to grow by approximately 15-20% in FY27 and aims to more than double its exports over the next three years, with the India-UK FTA being a key catalyst.
The company believes the India-UK FTA will not only drive higher export volumes but also facilitate stronger and more sustainable relationships with international customers, improve supply chain efficiencies, and reinforce India’s position as a preferred global sourcing hub for textiles and apparel. Jindal Worldwide continues to invest in expanding its manufacturing capabilities, enhancing product innovation, adopting sustainable manufacturing practices, and strengthening its global marketing network to capitalize on this opportunity.
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Jindal Worldwide Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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