The India-UK trade deal could create new opportunities for businesses by easing cross-border operations and reducing trade barriers. Global companies are also looking at India's expanding manufacturing base as a source of growth.
Nexperia, a semiconductor maker, plans to double its revenue in India over the next few years. The company also aims to triple its existing footprint within five years. Meanwhile, Dimi Albers, Global CEO of DEPT, has highlighted how smoother trade and easier movement of people and products could support business expansion.
The India-UK Comprehensive Economic and Trade Agreement (CETA) came into force on July 15, 2026, opening new opportunities for businesses in both countries. The agreement aims to improve market access and simplify trade between the two economies.
Speaking during Union Commerce and Industry Minister Piyush Goyal's visit to the Netherlands, Nexperia Interim CEO Stefan Tilgner outlined the company's expansion plans for India.
Nexperia has signed a joint agreement with Tata to work on semiconductor development and manufacturing. It has also committed to expanding its existing presence in India over the next five years.
"We expect our company to double our revenue in India basically in the next few years and we have also commitments in place to actually triple our current existing footprint in the coming five years," Tilgner said.
He pointed to India's economic growth, particularly in the automotive sector, as a key opportunity. Automotive applications account for more than half of Nexperia's total business.
The company also sees potential in other areas, including energy infrastructure, data centers and related applications.
Tilgner highlighted several factors supporting India's semiconductor industry:
"We see certainly that the announced semiconductor strategy 2.0 is very important for us as a semiconductor company," Tilgner said.
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Separately, DEPT Global CEO Dimi Albers said the India-UK trade deal could help companies expand by making cross-border business operations easier.
"I think we are all here to grow our business and this allows us to do that better, right?" Albers said.
He added that easier movement of people and products could help businesses grow by reducing friction across supply chains and regulatory processes.
Albers also described his meeting with Piyush Goyal as valuable for companies seeking to expand their presence in India. He said the discussions brought together businesses focused on their own growth and on contributing to the Indian economy.
The agreement is now in force, with provisions intended to improve market access and simplify trade between India and the UK. According to the UK government, the agreement provides duty-free or reduced-tariff access for a large share of goods traded between the two countries.
For companies operating across manufacturing, technology and services, smoother trade procedures could support stronger commercial ties and wider business opportunities.
Nexperia's expansion plans and DEPT's comments reflect the interest global businesses have in India's manufacturing potential and international trade links. Both companies see opportunities to grow by working across markets and building stronger business connections.
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