New Delhi: “The Automotive Component Manufacturers Association of India (ACMA) welcomes the signing of the India UK Comprehensive Trade Agreement as a landmark development in the bilateral relationship between the two nations. This agreement is poised to usher in a new era of economic cooperation, fostering greater market access, technology partnerships, and value chain integration between the Indian and British automotive industries.
The CETA is expected to benefit the Indian auto component sector through enhanced opportunities for exports, streamlined regulatory processes, particularly in key areas such as electric mobility, precision engineering, and lightweight materials. Indian MSMEs, which form the backbone of our industry, stand to gain from the liberalized terms of trade and improved access to UK markets.
We are hopeful that the agreement will also promote collaboration in R&D, skilling, and innovation, especially in green and digital technologies—areas that are crucial for our sector’s long-term competitiveness and sustainability.
ACMA congratulates the Government of India and the United Kingdom for their vision and commitment in bringing this agreement to fruition. We look forward to working with our counterparts in the UK to realize the full potential of this partnership, and to strengthen our collective contribution to global automotive value chains.”
– Shradha Suri Marwah, President, ACMA.
