The UK will officially become a non-member of the European Union (EU) from Friday night, a certainty welcomed by Indian businesses operating in the UK as well as British businesses keen to expand into the Indian market.
The official transition period from Saturday until the end of December means status quo in terms of much of the trade and business operations vis-a-vis the UK and EU, but what does change is Britain’s free hand to strike new deals and partnerships around the world. Leading trade organisations and Indian entrepreneurs see this as an exciting time for the India-UK trade and economic partnership to be taken to a new level.
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“There’s no question that India will be a vital trading partner as the UK charts a new future outside the EU. The golden opportunities for British firms in India play to the best strengths of UK plc – from infrastructure to healthcare to FinTech,” said Lord Karan Bilimoria, founder of Cobra Beer and Vice-President of the Confederation of British Industry (CBI) – the key voice of British businesses in the UK.
Source: Economic Times
