Get All Access for $5/mo

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.
Social Media

Five Indian film producers are exploring business beyond cinema

Very recently, the Ahmedabad-based ice cream brand Hocco raised funds, and among many, they have two angel investors from Bollywood: Farhan Akhtar and Ritesh Sidhwani. From Karan Johar to Alia Bhatt, Rana Daggubati to Ronnie Screwvala, there are film producers who are expanding their horizons as business visionaries by investing in different sectors. Here we take a look at some of such personalities.

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Growth Strategies

AMD Confident About Increasing Market Share In India

The semiconductor company is positive about the business environment in India on the back of growing investments in data centers and AI, Cloud repatriation, as well as technology refresh taking place across companies on both server side and client devices

Starting a Business

I Left the Corporate World to Start a Chicken Coop Business — Here Are 3 Valuable Lessons I Learned Along the Way

Board meetings were traded for barnyards as a thriving new venture hatched.

Data & Recovery

Use This Code to Get 1TB of Cloud Storage for $120

Koofr Cloud Storage makes backing up and sharing work files a safer and easier process.

Business News

Wells Fargo Reportedly Fired More Than a Dozen Employees for Faking Keyboard Activity

The bank told Bloomberg that it "does not tolerate unethical behavior."