The National Association of Software and Service Companies (Nasscom) has welcomed the India-UK Free Trade Agreement (FTA), calling it a historic milestone poised to reshape bilateral economic ties. The agreement, signed between the two nations, aims to deepen cooperation in trade, innovation, and employment, especially in digitally driven services.
Nasscom highlighted that the FTA will boost cross-border innovation, facilitate the growth of Indian tech talent in the UK, and enhance ease of doing business through improved regulatory transparency. One of the most applauded aspects of the deal is the inclusion of the Double Contribution Convention. This exempts Indian professionals and their employers from paying UK social security contributions for up to three years—a move that addresses a long-standing issue for Indian IT and services firms.
“This is a win-win partnership that elevates India’s role as a trusted global services hub,” Nasscom stated. “The focus on mobility, digital services, and financial collaboration aligns perfectly with our sector's priorities.”
The agreement also lays the foundation for joint growth in emerging technologies such as AI, cybersecurity, and digital transformation, creating a fertile environment for startups and innovators.
With this FTA, India aims to leverage its strengths in high-quality service delivery while unlocking new market opportunities, signaling a new era of bilateral trade and innovation with the UK.
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