Indian industry hails UK new special visa |
The Indian industry on 3rd March welcomed UK Chancellor Rishi Sunak`s budget, which the Indian Origin minister dubbed as paving the way for an ”investment-led recovery” for UK`s pandemic-hit economy. Besides the measures put in place to help businesses with grants and loans, the Minister`s announcement of consultations related to the visa regime was also hailed as a step in the right direction by both the Federation of Indian Chambers of Commerce and Industry and the Confederation of Indian Industry. In his budget speech to the House of Commons, Sunak said,”I`m launching two wide-ranging consultations today: to make sure our research and development tax reliefs and our Enterprise Management Incentives are internationally competitive. A new unsponsored points-based visa to attract the best and most promising international talent in science, research, and tech. New, improved visa processes for scale-ups and entrepreneurs; and radically simplified bureaucracy for high skilled visa applications,”. He added that his mission is to make the UK the ”best place in the world for high growth, innovative companies”. The FICCI UK Council also said that the move would help attract talent from countries like India. Chairperson Baroness Usha Prashar said that the Council welcomes the Budget from the Chancellor Rishi Sunak as it will protect the economy and kickstart recovery in the short term. Significant announcements included a 700 million pounds support for the UK`s arts, culture, and sporting institutions as they reopen. The launching of a consultation of a new, unsponsored, points-based visa` to attract international talent in science, research and tech` and the creation of the first-ever UK Infrastructure Bank and eight new freeports are seen as having the potential to support trade between India and the UK.
|
|
|
|
|
