Bengaluru: The India–UK Free Trade Agreement (FTA) represents a strategic breakthrough that significantly elevates India’s global economic profile and opens up new business avenues, particularly in the electronics sector, according to Ashok Chandak, President of SEMI India and the India Electronics and Semiconductor Association (IESA).
Chandak stated that the elimination of tariffs on electronic goods, components, raw materials, and capital equipment under the FTA will lower manufacturing costs and enhance the global competitiveness of Indian-made products. The agreement is also expected to bolster exports of smartphones, optical fibre cables, and inverters by providing duty-free access to the UK market.
He further emphasized that the FTA sets a new precedent for future international trade deals by aligning India with other democratic economies and reinforcing its strategic position in advanced technology sectors like electronics. The deal is projected to help increase India’s current ~US$2 billion share in the UK’s electronics imports and drive progress toward the country’s ambitious goal of building a US$500 billion electronics industry by 2030.
The services sector is also expected to benefit from enhanced collaboration in areas such as electronic design, testing, and embedded software—combining UK’s strengths in design with India’s robust engineering capabilities. Additionally, the FTA facilitates skilled talent mobility, improves supply chain resilience, and fosters joint efforts in green and sustainable electronics.
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