New Delhi, May 2025.
“The India–UK Free Trade Agreement (FTA) is a timely catalyst for boosting the India’s image and business opportunities globally in multiple sectors,” said Ashok Chandak, President, IESA and SEMI India. The services sector will also benefit significantly, with growth in design, testing, and embedded software, driven by joint R&D and collaboration—leveraging the UK’s design strengths and India’s engineering talent thereby helping start up’s and innovators.” “By reducing tariffs on components, raw materials, and capital equipment, it lowers production costs and enhances the export potential of ‘Made in India’ products
He added, ” It facilitates skilled talent exchange, strengthens supply chain resilience, and promotes green electronics collaboration. Importantly, it sets a benchmark for future trade agreements, signalling India’s commitment to align with like-minded democracies and boosting its negotiating position in India’s core sectors and also high-tech and strategic sectors globally.”
