India-UK FTA called a turning point by top industry leaders
New Delhi: Top Indian business leaders on Thursday welcomed the India-UK Free Trade Agreement as a transformative step for bilateral economic relations, calling it a catalyst for global growth, resilient partnerships, and new opportunities across sectors like manufacturing, clean energy, and digital innovation.
Essar Group Chief Executive Prashant Ruia described the conclusion of the India-UK FTA as “a watershed moment" bilateral economic relations and the beginning of a new era of strategic collaboration between the two nations.
"By lowering tariffs, easing market access, and deepening services and investment flows, this landmark deal unlocks immense potential for both economies,” Ruia noted.
Sudarshan Venu, Managing Director, TVS Motor Company said that the India-UK Free Trade Agreement opens new frontiers for Indian companies to take ‘Make in India’ to the world.
"We are particularly excited given the launch of new Norton vehicles this year, which will benefit from the strengthening of trade links between India and the UK. It energises our global ambitions and strengthens our resolve to build world-class products and brands,” he noted.
Mahindra Group CEO & MD Anish Shah that such cross-border partnerships unlock economic potential, create high-quality jobs, and accelerate progress in future-facing sectors from green mobility and clean energy to digital technologies and advanced manufacturing.
The UK-India Vision 2035, unveiled by PM Modi and UK PM Starmer, closely aligns with Mahindra Group's strategic priorities building resilient supply chains, investing in frontier technologies, and fostering a just transition to a low-carbon economy.
"As Indian industry becomes increasingly global in its footprint and ambition, we look forward to contributing meaningfully to this next chapter of UK-India cooperation," he stated.
The FTA is also a testament to the growing stature of India as a trusted partner and innovation powerhouse in the global order, he said. "We commend both governments for their bold leadership in charting a shared future rooted in prosperity, sustainability, and trust.”
R. Dinesh, Chairman, TVS Supply Chain Solutions said that the landmark deal paves the way for a new era of economic cooperation between two vibrant economies.
"As a company with a strong presence in both India and the UK, we at TVS Supply Chain Solutions see this FTA as a strategic enabler. It will help streamline trade flows, reduce operational friction, and accelerate our ability to deliver cost-effective, agile solutions to global customers. With our strong presence in the UK and India, the agreement further strengthens our position in a critical market while opening new doors for cross-border collaboration, investment, and innovation,” he said in a statement.
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