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Brexit Can Help India Hike Trade with UK[/caption]
The decision of Britain to leave the 28-nation European Union has given India a chance to increase its trade with the UK, said India's outgoing High Commissioner to the country, Navtej Sarna.
“There is a mind-shift in the UK government towards India and Britain’s decision to part with the EU has provided India a chance to hike its trade with the UK,” Sarna, who is leaving for Washington as India’s ambassador to the US, said at his farewell dinner on Saturday.
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In his welcome address, G P Hinduja, Co-Chairman of the Hinduja Group, described Sarna’s tenure here as “short and sweet”.
“You have built such a bridge with the British government, its Prime Minister is visiting Delhi in November. You are a change-maker – you came and there was Brexit and you have changed the Prime Minister. You are going to Washington and you will change the President (there),” he said.
India needs investment and the US has liquidity and Britain expertise and historically they know how to deal with India, Hinduja said while asking Sarna to try to bring America, the UK and India “closer”.
India should treat NRI investment on par with Indians’ investment, he said at the event hosted by the NRI Platform headed by Joginder Sanger and attended by Lord Khalid Hameed, Lord Meghnad Desai, Lord Raj Loomba, Lord Suri, Kartar Lalvani, Founder-Chairman of Vitabiotics and leading NRIs Vijay Goel and Prof Nat Puri.