New Delhi, May 10 -- The recently signed free trade agreement (FTA) between the United Kingdom and India presents significant opportunities for India's electronics industry to capture a larger share of the UK's electronics import market, according to the India Cellular and Electronics Association (ICEA).

ICEA Chairman Pankaj Mohindroo highlighted the potential impact in a statement released on Friday, noting that while the UK currently imports USD 80.5 billion in electronics goods globally, India accounts for only USD 2 billion of this total.

The new FTA is expected to facilitate export opportunities that will help India progress toward its ambitious electronics export target of USD 180-200 billion by 2031.

According to the ICEA, this ...