Why India is a different case


indiaLast week in Parliament there were debates in both Houses about the European Council which became debates on the EU. One of those who spoke was the MP for Wealden, Nusrat Ghani who is the local MP to where I work. Her parents are from Kashmir and she was born and brought up in Birmingham which may help to explain her question which was directed at the Prime Minister as there is no evidence of Indian investment taking place in her constituency:

India invests more in the UK than the rest of the EU combined and has spent the last nine years trying to negotiate an EU deal. What plans does my right hon. Friend have to visit India to boost trading links between our two countries, noting that the Confederation of Indian Industry stated that an agreement between us “would be almost made in heaven”?

The reality is that because we have been members of the EU for over 40 years, that there is no reason why EU nations or companies should ‘invest’ in the UK because they have had an open trading arrangement with us in all that time. There is however an argument to suggest that apart from the Imperial links between the UK and India, that we are a good place for Indian Companies to base parts of their businesses, because it gives India access to the EU. That is why Indian Companies are interested in investing in our nation to an extent that Europeans may not be. That said some of the British car Industry is owned by BMW so there are some well known exceptions.

 

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About ianchisnall

I have a passion to see public policy made accessible everyone who want to improve the wellbeing of their communities. I am interested in issues related to crime and policing as well as in policies on health services and strategic planning.
This entry was posted in Economics, EU Referendum, Parliament and Democracy and tagged , , . Bookmark the permalink.

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