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UK to import smartphones, optical fibre cables, inverters at zero duty from India under FTA 

The deal opens up export potential for Indian software firms with the inclusion of IT and IT-enabled services in the list
Photo for representational purpose only. Thinkstock

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India’s electronics sector has received a major boost, as exports of smartphones, optical fibre cables, and inverters to the United Kingdom will attract zero import duty under the Free Trade Agreement (FTA) signed on Thursday.

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Also read: India, UK ink historic Free Trade Agreement

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Historic day for India-UK relations: PM Modi on free trade deal

The India-UK FTA opens up export 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 said.

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Tags :
ElectronicsExportsFTAbenefitsIndianITServicesIndiaUKFTAIndiaUKTradeDealInverterExportsMadeInIndiaOpticalFibreCablesSmartphonesUKZeroDutyTrade
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