Monday, October 24, 2016

After BREXIT, Britain to embrace free trade

CHENNAI:
Britain after its exit from European Union said it is very much open for business and seizes opportunities of leaving the European Union by becoming a leading proponent of free trade to create jobs and mutual prosperity.
At an event to introduce new Department of International Trade (DIT) here on Wednesday, Bharat Joshi, British Deputy High Commissioner in Chennai highlighted the strong ties Britain shared with India.
“Our ties with India have never been stronger. Prime Minister Modi's visit last year highlighted our shared history, language, diaspora, our joint vision for a fairer, cleaner future for our children. Our new Prime Minister's visit next month to open the UK India Tech Summit with Prime Minister Modi is another milestone in this key relationship and reflects India’s importance as a strategic partner,” he said.
Talking about Britain-India commercial ties, he said that Indian companies created over 7000 jobs in the UK last year, second only to the US. “One in twenty jobs in the formal sector in India have been created by UK firms,” he added.
During the day, the British Deputy High Commission, Chennai conducted a road show at the Ascendas IT Park to reach out to the information technology sector to talk about the UK – India commercial relationship; UK Government funded scholarships; programmes to support and develop the next generation of Women Leaders; and visas.

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