Chennai, July 24 (UNI) Two and three wheeler maker TVS Motor Company today welcomed the India-UK Comprehensive Economic and Trade Agreement (CETA).
For TVS Motor, 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, the company said in a statement.
TVS Motor said the landmark agreement is expected to double bilateral trade from USD 60 billion to USD 120 billion by 2030, and is a significant step forward in realising the Prime Minister’s vision of Viksit Bharat.
The trade deal between the two nations was inked by the Indian Commerce and Industry Minister Piyush Goyal and the UK’s Secretary of State for Business and Trade, Jonathan Reynolds.
The deal was inked in the presence of the Indian Prime Minister Narendra Modi who is on an official visit to the UK and the UK Prime Minister Keir Starmer.
The trade agreement is poised to open new global frontiers for Indian manufacturing and design, especially under the Government of India’s flagship ‘Make in India’ initiative.
Welcoming the trade pact Sudarshan Venu, Managing Director, TVS Motor said: “We are deeply inspired by Prime Minister Narendra Modi’s vision of Viksit Bharat and his unwavering commitment to making India a global manufacturing and design powerhouse. The signing of the India-UK Free Trade Agreement is a pivotal moment—it 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 added.
