India is fast becoming a priority market for UK trade—and that’s great news for Leicester SMEs. With deep cultural and commercial ties to India, our region is well-placed to take advantage of upcoming tariff cuts and service sector cooperation.
Key Opportunities for SMEs:
* Lower tariffs on Indian imports: Great news for local retailers and fashion SMEs relying on Indian garments, fabrics, and accessories.
* Food and drink exports: With India’s growing middle class and taste for British brands, local producers could find strong demand.
* Professional services: Opportunities may expand for IT, consultancy, and legal service providers.
What SMEs Can Do:
* Strengthen supply chains: Reduced costs mean more flexibility—consider sourcing more from Indian partners.
* Diversify your market: SMEs with export potential should assess India as a high-growth market.
* Collaborate locally: Partner with Leicester-based importers/exporters who already have experience trading with India.
Tap into local export advice and support through Business Gateway Growth Hub or UK’s Department for Business and Trade.
