The deal will also have great significance for the U.K. well beyond the bilateral relationship. While critics have argued that the two approaches are fundamentally inconsistent, the Conservative government has firmly clung on to both policies. Changes to rules governing intra-company transfers, widely used by India’s IT sector and announced in March, are set to come in this year. Business organisations such as FICCI have warned that a wrong message was being sent to Indian firms already apprehensive about the impact of Brexit on their investments. “The impression Britain is giving to countries such as India is, we want your business but we don’t want your people,” says Mr. Ladwa.

Source: The Hindu October 19, 2016 19:52 UTC