The Importance of the Relationship Between the United Kingdom and India

Lord Loomba Excerpts

Thursday 19th January 2023 Lords Chamber

[Lord Loomba (CB)]

I thank the noble Baroness, Lady Verma, for bringing this important topic to your Lordships’ House today. It is important to the UK because, within the next decade, India will be the world’s third-largest economy. It is important to India because the UK is home to the largest Indian diaspora outside Asia and, as we have already heard from the noble Baroness, Lady Verma, Prime Minister Modi has said that non-resident Indians are the living bridge between our two countries.

Twenty years ago, I organised an event at City Hall in London for the Chief Minister of Delhi to mark the twinning of the two capital cities, which has seen business between them blossom. In three weeks’ time, I will lead a trade delegation at a business and trade summit in Uttar Pradesh with 12 British businesses.

The importance of the 2030 Roadmap for India-UK future relations cannot be overstated. The relationship between our two countries is multidimensional. We have shared values, strong family ties and a record of co-operation for mutual benefit. The Indian Government attach a high priority to this, and I hope they will do all that is necessary to remove unnecessary obstacles and back up their ambition with actions.

In particular, I welcome the vision to collaborate on research and innovation, but will the healthy exchange of knowledge and skills be hampered by constraints on migration? Will the Government consider excluding Indian students who are in the UK for a limited time from net migration targets? I also welcome the mutual recognition of qualifications and ask the Minister to tell us what progress has been made in recognising professional, as well as academic, qualifications to improve high-level skills exchange.

India is rapidly becoming a global powerhouse in technology, and the UK has world-leading expertise in areas such as cybersecurity, artificial intelligence, robotics and creative technologies. We also have a mutual interest in global challenges such as climate change and the green economy, the power of arts and culture to drive growth and regeneration, and delivering social value by addressing inequalities. Networks and partnerships are key to leveraging the potential of these common interests and delivering new approaches. Will the UK Government actively facilitate and encourage the development of networks and partnerships between cities, universities, cultural organisations and micro-businesses?