Britain: Opportunity for Indian entrepreneurs
Posted on February 4, 2011
I’m determined that as we emerge from recession, we build a new economic model in our country. A model based on balanced growth between different industries and regions, where we see more exports and higher investment. To get there, we need to connect ourselves to the fastest-growing parts of the world.
And, quite simply, they don’t get much faster than India. In the past four years, your average rate of growth has been 8% — and that presents great opportunities for Britain. We are already feeling that power back home. The Tata Group is now one of the largest manufacturing employers in Britain. And Indian investments in the UK in the last financial year generated over 3,000 new jobs and safeguarded a further 2,500. So, deepening our ties further means even more jobs and more growth back home.
But this isn’t a one-way street. As you look to grow your economy in the years ahead, the UK has practical attractions for India too. We speak the world’s language. We are still the world’s sixth largest manufacturer and the best base for companies wanting to do business in Europe. We have some of the best universities in the world and we are a great hub for science and innovation.
And let’s not forget, we not only have the strengths of our history — our democracy , rule of law and strong institutions — but a modern dynamism too. We’re the nation that helped pioneer the internet, unravel the DNA code and whose music, films and television are admired the world over. All of these things can mean so much opportunity for Indian entrepreneurs.
David Cameron, British Prime Minister