Would a decision by Britain to leave the European Union deter future investments from India? Vandana Chatlani reports
On 23 June, Britain will hold a referendum to decide whether to leave or remain within the European Union. A vote to exit, or what many refer to as “Brexit”, would put an end to four decades of membership in the EU, severing Britain’s ties with the largest single market in the world. For the 800 or so Indian businesses in the UK, with approximately 110,000 employees, this is no small matter. Several have used the UK as an entry point to access other European markets, so opting out could lead many to rethink their strategies in the region.
As A Didar Singh, the secretary general of the Federation of Indian Chambers of Commerce and Industry, says, Brexit would “create considerable uncertainty for Indian businesses engaged with the UK”, and could “have an adverse impact on the movement of professionals to the UK”.
Raj Karia, a partner at Norton Rose Fulbright in London, says a long-term consequence could be the UK losing its attractiveness to Indian companies as a base for operation within the EU.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
