Pearl Global to scale up India production to leverage India's FTAs with UK, EU, US
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Indian apparel and garment export industry will be one of the biggest beneficiaries of the trade deals India has signed with the UK and the ones that are in the offing with the European Union and the US, says Pulkit Seth, vice chairman of Peal Global, a leading end-to-end clothing vendor and global garment supplier of the country.
The company plans to scale up its production in India to meet the increased demand from these geographies, he said.
In an exclusive interaction with Fortune India, Seth pointed out that with US agreeing to reduce the tariff on Indian goods, India has the biggest opportunity vis a vis all competing countries. “We have the largest population in the world; we have the availability of raw materials. India is a big country, so there are a lot of states, a lot of regions where there's opportunity to expand manufacturing beyond the metros. With the tariffs going down with the FTAs, there will be opportunities for the apparel industry to thrive quite a bit”, he said.
Pearl Global has already started a production centre in Muzaffarpur, Bihar, and plans to expand further in India. “With the FTAs with UK, Europe and with the US tariffs getting resolved in a favorable manner, we will now scale up quite fast in this region. We own facilities in Gurgaon, Bangalore, Chennai and Bihar. And we're looking at establishing strong partnership relationships with factories in one or two other locations like Vizag and Bhubaneshwar, Odisha”, he said.
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Pearl, which has 25 manufacturing facilities across 10 countries including India, says the FTAs with UK and EU are going to be the most beneficial ones for India as US will continue to have 18% tariff as compared to 19-20% tariff it levies on several other countries. “The UK and Europe will be an easier shift for business to grow at a healthy level, 15%, 20% kind of opportunity there”, Seth said.
According to him, implementation of the FTA will be the key, the faster, the better. “Industry is all based on speed. Our customers want us to be very, very agile and very, very fast and very nimble. The whole machinery that supports the industry has to work in that way”, Seth explains. “Every country we are operating, we are seeing good opportunities to sustain growth because the retailers are valuing our global infrastructure. Our goal is to work with every retailer and to be the best in class. India (business) should definitely double in the next seven to eight years”.
Despite macroeconomic and trade-related challenges, the company registered revenue of Rs 3,711 crore, a 13.2% year-on-year growth, during the April-December period of 2025-26.