Ending Soon! Save 33% on All Access

India Will Wait For Change In Leadership Before Formulating Strategy, Says Piyush Goyal On UK PM Resignation The Union minister said that he believes whoever comes into the government in the United Kingdom will be wanting to engage with India

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Piyush Goyal Twitter handle

Union minister Piyush Goyal, on Thursday, while commenting on the free trade deal with the UK after UK Prime minister Liz Truss resigned, has said that India will wait for the change in leadership before formulating a strategy vis a vis the UK.

"We will have to wait and see whether they have a quick change of leadership. Let's see who comes into the government and what their views are. It is only after that we will be able to formulate a strategy vis a vis the UK," said Goyal.

He added that he believes that whoever comes into the government in the United Kingdom will be wanting to engage with India. And India, on the other hand, will wait and watch the political developments in Britain.

While addressing the Confederation of Indian Industry (CII) National Exports Summit, Goyal said that, "Politicians and businesses across the board in the UK recognised that it is very important for them also to do an FTA with India. But, I would believe that our FTAs with the UK, Canada, EU, one or two more we may launch soon, all that is well on track."

UK Prime minister Liz Truss resigned on Thursday, after being in power for less than two months, stating that she recognises that she cannot deliver the mandate on which she was elected.

"I came into the office at a time of great economic and international instability. Family and businesses were worried about how to pay their bills, Putin's illegal war in Ukraine threatens the security of our whole continent and our country has been held back for too long by low economic growth. I will remain as Prime minister until a successor has been chosen," said UK PM in her resignation speech.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'

The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.

Business News

Target Is Lowering Prices on Thousands of Items — Here's Where You Can Expect to Save

The news was announced ahead of Target's Q1 2024 earnings call, expected to occur Wednesday at 10 a.m. EST.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Franchise

Know The Franchise Ownership Costs Before You Leap

From initial investments to royalty fees to legal costs, take stock of these numbers before it's too late.

Cryptocurrency / Blockchain

The 50 Richest People in Crypto

The richest cryptocurrency holders.

Business News

Scarlett Johansson 'Shocked' That OpenAI Used a Voice 'So Eerily Similar' to Hers After Already Telling the Company 'No'

Johansson asked OpenAI how they created the AI voice that her "closest friends and news outlets could not tell the difference."