# UK trade pact draws Indian startups eyeing new market 2026-08-10T04:56:16+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet At least half a dozen Indian startups are planning to enter or have set up offices in the UK this year, driven by the India-UK free trade agreement that cuts tariffs on goods and eases worker mobility costs. Startups such as GoodMelts, Fynd, DevRev, and PaySmart are among those expanding, Mint reports. The Double Contribution Convention is expected to save Indian firms and workers over ₹4,000 crore in duplicate social-security contributions, with the exemption period extended to 60 months. The FTA eliminates tariffs on nearly 99% of Indian exports to the UK, benefiting hardware and manufacturing-linked startups directly, while SaaS and fintech firms gain from enhanced services-market access. Heman Bharucha of London & Partners said discussions about startups moving to the UK are increasing. Prime Minister Narendra Modi set a goal to double bilateral trade, which stood at $56 billion in 2025, by 2030. ## Coverage - livemint.com Tags: India-UK FTA, SaaS, startups, Tariffs, trade, worker mobility Canonical: https://indianopinion.org/uk-trade-pact-draws-indian-startups-eyeing-new-market/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/uk-trade-pact-draws-indian-startups-eyeing-new-market/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.