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Eversheds comment: India’s ‘Make in India’ policy offers attractive investment opportunity for UK business

  • United Kingdom
  • Global

    12-11-2015

    Commenting on the visit of Prime Minister Modi to the UK, Parm Singh, partner and head of India business group at law firm Eversheds, says:

    “The first visit by an Indian Prime Minister to the UK in more than 10 years has been met with a lot of excitement and anticipation. Prime Minister Modi signalled his intention upon appointment that India will be open for business. Reducing red tape so that it will be easier for foreign businesses to do business in India and promoting a “Make in India” policy.

    “The UK has traditionally had strong trade links, with India being one of the largest foreign direct investors in India. Prime Minister Modi’s visit to the UK will showcase his new policies and should promote greater investment by British companies into India – just look at how successful JCB, United Biscuits, Marks & Spencer and other household British companies have been in India to date.

    “India is the fastest growing economy among major nations and the UK should not miss out on the opportunities available. Prime Minister Modi announced some major changes to the foreign direct investment rules just before he travelled to the UK. These changes will encourage India to be a global manufacturing hub UK companies should be best placed to invest into, after the discussions that take place at government and business levels during Prime Minister Modi’s three day visit to the UK.”

     

    Parmjit Singh, Partner

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