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FICCI Congratulates UK on Historic Referendum

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Prime Minister David Cameron and Samantha Cameron arrive at polling booth

FICCI congratulates the UK on a historic referendum and emphasizes calm in a period of uncertainty . . . . reports Asian Lite News 

Priti Patel MP, Indian Diaspora Champion and Minister for works and pensions, is a prominent figure in the Brexit camp
Priti Patel MP, Indian Diaspora Champion and Minister for works and pensions, is a prominent figure in the Brexit camp

The UK has voted in a historic referendum, for only the third time in history with a high 72% turnout. This vote saw high engagement from the Indian diaspora across the UK in the referendum process, with strong turnouts in regions with significant Indian populations.

The British public’s choice of leaving the EU is respected.  At the same time, the world is an increasingly globalized one and this is an important result not just for the UK, but for world markets also. It is important for business to have certainty and stability, both in a political and economic context. A  greater period of volatility in the days ahead is expected, while the trade and investment implications for India and the rest of the world become evident. This is expected to be stabilised soon.

The FICCI time and again reiterates their strong commitment to work with UK business as the UK remains an important economic partner for India, and with 1.5million Indian diaspora, strong links between the two countries will continue.

In this period of uncertainty, as investors look for safe havens globally, FICCI draws special attention to the Indian growth potential and reforms that have resulted in a stable policy and economic environment, and the FDI policies that have made India more attractive for foreign investors.