Access boost for IT firms

THE FREE TRADE AGREEMENT between India and the European Union (EU) is expected to significantly improve market access for Indian IT and digital services companies.

- POULOMI CHATTERJEE & URVI MALVANIA

The EU is among the largest overseas markets for Indian IT firms, accounting for a sizeable share of revenues for companies such as TCS, Infosys, Wipro and HCLTech.

At the core of the deal are provisions that ease cross-border delivery of IT and professional services, improve predictability for short-term movement of skilled personnel and reduce regulatory friction across EU member states. The agreement provides assurances on nondiscriminatory treatment for Indian service providers and greater transparency on licensing and qualification requirements.