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 signed on Thursday.
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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