Hinduja brothers criticise David Cameron’s campaign to boost trade with India

The Typhoon Eurofighter consortium, which includes Britain’s BAe Systems, lost
out on a £7 billion order for fighter planes for India’s Air Force to the
French Rafale.

BP is the only British company to win a significant contract in India since Mr
Cameron became prime minister. It signed a $7 billion oil production
partnership deal with Indian giant Reliance last year.

But according to the Hindujas, Britain would be more successful in India if it
relaxed visa and tax rules and encouraged partnerships between cash-poor
British technology firms and wealthy Indian conglomerates.

“We strongly believe Britain can play an important role and we shouldn’t lose
that opportunity. Today Indians can bring great investment into the UK. But
there are visa problems – don’t you think that becomes a barrier to
investment? If taxes keep growing, that’s a barrier to the new investor,”
Gopichand Hinduja said.

He said some of his Indian friends in London had already “started migrating to
other destinations like Dubai and Geneva. Many of my friends have
disappeared from the UK,” he said.

He described prime minister David Cameron as a “visionary with fire in his
belly” but said he should ask leading British-Indian businessmen for advice
on how to boost trade with India.

“There’s something wrong and they should invite some of the overseas Indians
with British passports who are committed to Indo-UK relations and seek their
views,” he said.

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