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India-UK FTA to Boost Semiconductor Growth in India

  • India and the United Kingdom have concluded a free trade agreement to boost trade, investment, and innovation, focusing on strategic sectors.
  • The FTA aims to catalyze growth, job creation, and innovation in both economies through reduced tariffs on components and enhanced export potential.
  • Industry leaders, like Ashok Chandak, believe the FTA will boost India's image globally and benefit sectors like semiconductor design and embedded systems.
  • The agreement also facilitates skilled talent exchange, strengthens supply chain resilience, supports green electronics cooperation, and aligns with India’s goal to increase exports by $1 trillion by 2030.

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