UK Glam Hitts Desi Aisles: British beauty brand will appreciate Indian market as Nykaa

New Delhi: India's $20 billion cosmetics and beauty market will import affordable cosmetics from the UK following Tuesday's India-UK Free Trade (FTA) Agreement, which cuts tariffs on cosmetics and other products.Large British companies such as Body Shop plan to step up imports to India, while others, including Clinique and Mac Cosmetics, owned by Estee Lauder Companies, including subsidiaries in the UK, and French multinational luxury group LVMH, may introduce brands such as their global brands through their weapons and weapons.
“FTA provides us with an opportunity to expand our portfolio. It can directly benefit our customers by potentially reducing the responsibility for imported beauty products in the UK,” Quest Retail’s Executive Chairman Shriti Malhotra has included sales, distribution and marketing rights in the UK, including the sales, distribution and marketing rights in the UK, including the sales, distribution and marketing rights in the UK, including the sales, distribution and marketing rights in the UK.
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Malhotra calls FTA a “transformative nature of Indian cosmetics” and “new tariffs will bring benefits to Indian beauty products.”

FTA will also benefit directly from retailers such as Nykaa, Reliance Tira and shoppers, selling dozens of quality beauty products in addition to e-commerce platforms such as Amazon and Myntra. relative. Ghai added that the FTA will “push a new era of global cooperation and fuel growth. India imported $34.4 million worth of cosmetics, perfumes, essential oils and toiletries from the UK in 2024, according to the UN COMTRADE database for international trade.

“We do expect to import large quantities of imports into India, and ultimately consumers will benefit. What the FTA deal will do is to inspire competition from quality beauty players such as Hul, L'Oreal and P&G who are made and sold in India,” said an executive at a large beauty product importer.

Last week, Myntra announced that it will begin selling global beauty brands YSL, Laura Mercier and Tirtir in India. Tira, owned by Reliance Retail, last month expanded its e-commerce platform to a service called Concierge, which said in April that the platform will include consultants, advice and bookings.