In an exclusive interview to B&E’s pathikrit payne, Sir Richard Stagg, British High Commissioner to India speaks about India’s incredible future potential and the positive impact of its outsourcing business...
B&E: Many Indian companies are trying to takeover companies in Europe especially in UK. So what is the mood over there about that?
RS: We are very positive about it and we in fact, encourage companies to come and takeover companies in UK. Even in 2008, ONGC bought a very big UK based oil & gas company, HCL bought a very big UK software company and we are very keen to help them do that as we think these Indian corporate owners are good owners. They are going to help in developing the business. They are good investors in terms of bringing money into our economy and helping to create jobs. So, we have lot of dealings with these investors both before they decide to come to UK, and later when we offer them after carriage support package and try to ensure that they flourish in UK environment. And most of them do. As you must have read in the newspapers that the CORUS and JLR brands are going through difficult period because of the cycle and the sectors they are in. But there are many others in other sectors in UK who are doing very well and have a very happy experience of investment. So we think that it’s a good thing for UK economy and also a good thing for these Indian business houses.
B&E: Is UK lagging behind US and Russia when it comes to high profile defence deals with India?
RS: There is quite a lot going on in this field. The Hawk Advanced Jet Trainers have arrived and we are very much involved with the proposal to provide Indian Air Force with VIP helicopters. We are also interested in selling new artillery, which is something involving a JV with Mahindra & Mahindra. We are keen to sell the Eurofighter Typhoons to your Air Force. In terms of aircraft carriers, I think the experience that India has had with the Russian aircraft carrier Admiral Ghorskhov, may make some of those involved, in the longer run look elsewhere for future supplies. So we think we are good partners because we sell equipments in general, which the Indian Army is familiar with and I think we have good understanding of what India requires.
B&E: Many Indian companies are trying to takeover companies in Europe especially in UK. So what is the mood over there about that?
RS: We are very positive about it and we in fact, encourage companies to come and takeover companies in UK. Even in 2008, ONGC bought a very big UK based oil & gas company, HCL bought a very big UK software company and we are very keen to help them do that as we think these Indian corporate owners are good owners. They are going to help in developing the business. They are good investors in terms of bringing money into our economy and helping to create jobs. So, we have lot of dealings with these investors both before they decide to come to UK, and later when we offer them after carriage support package and try to ensure that they flourish in UK environment. And most of them do. As you must have read in the newspapers that the CORUS and JLR brands are going through difficult period because of the cycle and the sectors they are in. But there are many others in other sectors in UK who are doing very well and have a very happy experience of investment. So we think that it’s a good thing for UK economy and also a good thing for these Indian business houses.
B&E: Is UK lagging behind US and Russia when it comes to high profile defence deals with India?
RS: There is quite a lot going on in this field. The Hawk Advanced Jet Trainers have arrived and we are very much involved with the proposal to provide Indian Air Force with VIP helicopters. We are also interested in selling new artillery, which is something involving a JV with Mahindra & Mahindra. We are keen to sell the Eurofighter Typhoons to your Air Force. In terms of aircraft carriers, I think the experience that India has had with the Russian aircraft carrier Admiral Ghorskhov, may make some of those involved, in the longer run look elsewhere for future supplies. So we think we are good partners because we sell equipments in general, which the Indian Army is familiar with and I think we have good understanding of what India requires.
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