India-U.Okay. FTA, a significant step toward fostering commerce, investment and job creation in both nations: Nasscom

FTA’s give attention to digitally delivered providers, skilled providers and monetary providers aligns with the aspirations of the Indian expertise sector, Nasscom says.
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Bengaluru

Nasscom, the tech trade apex physique, has welcomed the India-U.Okay. Free Trade Agreement (FTA), terming the settlement a testomony to the deepening financial partnership between the 2 world innovation hubs, additionally calling it a significant step toward fostering commerce, investment, and job creation in both nations.

“The agreement would catalyse bilateral trade in services, foster cross-border innovation, and generate high-quality employment opportunities for Indian talent,” Nasscom stated, including the improved ease of doing enterprise and regulatory transparency beneath this FTA would additional strengthen India’s place as a trusted companion to the world.

‘’We are grateful to both governments for the inclusion of the Double Contribution Convention, which exempts Indian employees briefly employed in the U.Okay. and their employers from paying social safety contributions for a interval of three years,’‘ the trade physique stated in a assertion on Tuesday (May 6, 2025).

By eliminating this double contribution burden, the settlement straight addressed a long-standing problem confronted by Indian Technology firms and different service suppliers working in the U.Okay., it stated. “We will be studying the details of the agreement, including easing mobility for professionals that will enhance business competitiveness, resulting in a win-win partnership,’‘ it further said.

According to Nasscom, this exemption will not only enhance the access of Indian talent in the U.K. but also create new opportunities for skilled professionals, enabling them to contribute meaningfully to the U.K.’s dynamic economy. The provision reflected the recognition of India’s strength in delivering high-quality services globally and reinforces the importance of mobility for Indian professionals in driving innovation and growth, it said.

“The FTA’s focus on digitally delivered services, professional services, and financial services aligned with the aspirations of the Indian technology sector,” Nasscom stated. “It opens up avenues for deeper collaboration in emerging areas such as artificial intelligence, cybersecurity, and digital transformation, while also creating a conducive environment for startups and innovators.”