Double delight for IT, electronics: More access, lower cost

IN A SIGNIFICANT stride for the IT and electronics sectors, the India-UK free trade pact provides a three-year exemption from social security payments for Indian professionals temporarily posted in the UK.

- AYANTI BERA

The move will benefit around 75,000 Indian workers and over 900 employers, primarily from the IT sector, which counts the UK as its second-largest export market. This exemption is a major cost-saving measure for IT majors like Tata Consultancy Services and Infosys, and it eliminates a longstanding burden of dual contributions, allowing for more agile deployment of talent to onsite UK projects.