Brexit positive for India-UK ties: Hinduja

Leading NRI industrialist GP Hinduja on Friday described the result in favour of Britain’s exit from the European Union as “positive” for India-UK ties, saying bilateral trade and investment will eventually grow. London-based co-chairman of the Hinduja Group described the referendum as an “essential democratic process”, which could eventually prove beneficial for Britain s trade with India.

“There will be a greater focus on India and the emerging markets and among the emerging markets, India will be the favourites. Trade and investment will eventually grow and in terms of visa norms, which had been stricter because of the EU rules, should also ease up for Indian businesses,” he said. “So, I see it overall in a positive light, which will only create stronger roots for democracy,” he added. Describing the referendum as something that “had to take place”, said Hinduja.