The Confederation of British Industry reacted to the
re-election of Narendra Modi as President of the Republic of
India.
Shehla Hasan, CBI India Director,
said:
“We congratulate the Bharatiya Janata Party led by
Mr. Narendra Modi on the landslide victory in the Indian general
election. We wish the new government the very best after
achieving a second successive mandate in
India.
“The economic ties that bind the United Kingdom with
India continue to go from strength to strength. Our latest
research shows that the UK is the largest western investor in
India and that British business has created nearly 425,000 jobs
since 2000.
“India will be a vital trading partner as the UK
prepares to chart a new future outside the EU. The bold
economic reforms already taken by Prime Minister Modi have
enticed ever greater numbers of British firms to India. To fully
capitalise on these opportunities, businesses would like to see
further progress in reducing corporate tax rates, data privacy
and ease of doing business indicators like enforcing contracts or
registering a property.”
Notes to Editors:
Sterling Assets India 3:
Britain meets India provides an overview of the
impact of British-owned business and UK foreign direct investment
on the Indian economy and highlights the commercial impact across
India.
