India-UK trade deal: India's Smartphones, optical fibre cables, inverters to attract zero duty in Britain
India UK Trade Deal: The Indian electronics sector is set to experience a significant surge, fueled by the free trade agreement with Britain. Zero import duties on smartphones, optical fibre cables, and inverters will boost exports. The inclusion ...
Further, the FTA also opens up potential for Indian software firms, with the inclusion of IT and IT-enabled services in the list.
"Zero-duty access expected to accelerate exports of electronic products, with smartphones, optical fibre cables, and inverters set to strengthen India’s foothold in the UK market," an official source told PTI.
The UK's strong commitments on Software and IT-enabled Services could help Indian firms tap into new markets. This sector is expected to grow at 15-20 per cent annually, with exports valued at $32 billion in 2024-25.
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