FICCI says UK important
The United Kingdom remains an important economic partner for India, and with 1.5 million Indian diaspora, strong links between the two countries will continue, assured the Federation of Indian Chambers of Commerce and Industry today, June 24, 2016.
“In this period of uncertainty, as investors look for safe havens globally, we would like to emphasise the Indian growth potential and reforms that have resulted in a stable policy and economic environment, and FDI (Foreign Direct Investment) policies that have made India more attractive for foreign investors,” said FICCI in reaction to Brexit, as the UK people voted today to leave European Union.
FICCI reiterated strong commitment to work with UK business.
The vote in UK referendum of EU membership saw high engagement from Indian diaspora across the UK, with strong turnouts in regions with significant Indian populations, noted FICCI.
“We respect the British public’s choice to leave the EU,” it said.
“At the same time, the world is an increasingly globalized one and this is an important result not just for the UK, but for world markets also. It is important for business to have certainty and stability, both in a political and economic context.
“We expect a greater period of volatility in the days ahead while the trade and investment implications for India and the rest of the world become evident. We expect this to stabilise soon,” said FICCI. fii-news.com
