UK India Business Council’s statement on the UK’s EU referendum result
By UK India Business Council (UKIBC)
The way forward, and timelines to achieve negotiated agreements with the EU and other trade partners, is not yet known.
What is clear, though, is that the UK’s trade and economic engagement with the world’s leading countries, including India, will become more important to the nation’s future, not less.
Undoubtedly the UK will remain a very good place to do business. One of the country’s advantages is that it is the natural home for any Indian business wanting to enter the European market. Although we will not know for some time what the UK’s relationship with the EU’s single market will be, we do know that the British economy is fundamentally strong. The economy, as well as language, rule of law, ease of doing business, time zone, and world-leading technical and intellectual innovation, are significant to the UK and Indian economic partnership.
Indian businesses will continue to receive a very warm welcome in Britain, and all of us who believe in India will continue to work for even stronger and closer ties.
