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UKIBC congratulates PM-Elect Keir Starmer on election victory
In light of recent elections in both the UK and India, the UKIBC emphasizes that this juncture presents an opportunity to renew and expand the ambitious partnership between the two nations.
The UK India Business Council / Image- UKIBC
The UK India Business Council (UKIBC) has extended its congratulations to UK Prime Minister-elect Keir Starmer and the Labour Party following their recent victory in the country's general election.
The council in a statement also commended all newly elected Members of Parliament for their successful campaigns. The Labour Party won 412 seats with 9.7 million votes.
Congratulating the new government, Richard McCallum, group chief executive officer, UK India Business Council, said, “On behalf of the UKIBC team I would like to congratulate Prime Minister-elect Keir Starmer and the labour party for winning the General Election. We are looking forward to working with the Prime Minister and his ministerial team to strengthen the UK-India partnership.”
“There is tremendous synergy between the UK and Indian economies. By prioritising trade and investment, rapidly concluding the FTA, smoothing the two-way flow of students and workers, and deepening R&D collaboration, we can collectively deliver stronger economic growth in both countries. This will create jobs and prosperity in India and the UK as well as being a force for global good,” he added.
In light of recent elections in both the UK and India, the UKIBC emphasizes that this juncture presents an opportunity to renew and expand the ambitious partnership between the two nations. The council had previously published a report titled "Partnership for Growth," which outlines strategic recommendations for enhancing the bilateral economic relationship.
The report underscores India's growing geopolitical significance, its robust economy, and its potential as a vital partner for the UK. It recommends that the new UK government establish a “2047 Partnership Programme” to support India’s development journey, conclude the Free Trade Agreement (FTA) negotiations promptly, and create a well-resourced framework for increased R&D collaboration to address global challenges such as climate change, healthcare, and food security.
Additionally, it calls for strengthening the defence and security partnership and providing clarity on post-study work visa rules while securing a two-way labour mobility agreement.
The UKIBC is dedicated to fostering UK-India trade and investment through strategic support and policy advocacy. The council aims to help UK businesses explore and succeed in the Indian market, leveraging its deep knowledge, networks, and expertise.
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