India Inc on Thursday (July 24, 2025) hailed the India-UK free trade agreement.
This landmark deal paves the way for a new era of economic cooperation between two vibrant economies, R. Dinesh, Chairman, TVS Supply Chain Solutions, said.
As a company with a strong presence in both India and the U.K., we at TVS Supply Chain Solutions see this FTA as a strategic enabler, he said.
“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,” Mr. Dinesh said.
For TVS Motor Company, the agreement comes at a pivotal time as it prepares to launch a new line of Norton Motorcycles in the UK, following its strategic acquisition of the iconic British brand, Sudarshan Venu, Managing Director, TVS Motor Company, said.
“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 said.
TVS Motor believes the India-UK FTA will create immense opportunities for Indian companies to expand their global footprint while showcasing the country’s innovation and engineering excellence on a larger platform, Mr. Sudarshan Venu added.
The reactions from other industry leaders are below.
OmniActive Health Technologies
“The India–UK FTA is a welcome move. Our exports to the UK went up by 12.6% last year, and this deal gives us a chance to build on that growth. But it’s not just about trade volumes—what stands out is the scope it opens up in healthcare. With regulatory barriers coming down, Indian healthcare companies will find it easier to operate in the UK, and that can lead to more affordable services and better collaboration between the two systems. That’s a space worth watching. At the same time, we can’t lose sight of the fact that FTAs only work well when businesses at home are strong,” said Mr. Sanjaya Mariwala, Executive Chairman and Managing Director, OmniActive Health Technologies in a release.
Choice International Ltd.
Arun Poddar, CEO at Choice International Ltd welcomed the ‘historic deal’ said would significantly improve market access for Indian companies and will boost bilateral trade by around $34 billion annually.
““The historic free trade agreement (FTA) signed between the UK and India will significantly improve market access for Indian companies and will boost bilateral trade by around $34 billion annually. This agreement will pave the way for duty-free access to 99% of Indian exports, particularly from labour-intensive sectors like textiles, marine products, leather, footwear, engineering goods, auto components, engines, and chemicals. Overall, this development will have a very positive impact on the country’s economy and could provide a major boost to the manufacturing sector, especially to the MSME sector,” Mr. Poddar said.
A a pivotal milestone: Pharmaceuticals Export Promotion Council
“The India-UK Free Trade Agreement (FTA) marks a pivotal milestone in economic cooperation, particularly in the pharmaceutical sector. With India’s pharmaceutical exports to the UK reaching $914 million in FY24, the agreement strengthens supply chains, enhances access to affordable medicines and drives foreign direct Investment (FDI). The partnership paves way for collaborations in bulk drug imports, CDMO and joint research, empowering India’s competitive edge and promoting global partnerships,” Pharmaceuticals Export Promotion Council Chairman Namit Joshi said.
Hero FinCorp Ltd
“The India–UK FTA is more than a trade pact—it’s a launchpad for India’s entrepreneurs to tap global demand, scale faster, and lead with confidence. A proud moment in our journey to an Atmanirbhar Bharat.” – Mr. Abhimanyu Munjal, MD & CEO, Hero FinCorp Ltd
Deal marks a transformative moment in the global economic landscape: Mahindra Group
“The landmark trade agreement between India and the UK marks a transformative moment in the global economic landscape. It’s not just a win for trade, but a blueprint for a modern, values-led partnership that puts innovation, sustainability, and inclusive growth at the heart of global collaboration.
At Mahindra, we believe deeply in the power of such cross-border partnerships to 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 aligns closely with our own 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.
This deal is also a testament to the growing stature of India as a trusted partner and innovation powerhouse in the global order. We commend both governments for their bold leadership in charting a shared future rooted in prosperity, sustainability, and trust., said the statement from Anish Shah, Group CEO & MD, Mahindra Group.
Published – July 24, 2025 06:24 pm IST
