Profitability and Competitiveness of Indian Companies Affected by UK Visa Measures

Profitability and Competitiveness of Indian Companies Affected by UK Visa Measures

In a discussion between Anand Sharma(Commerce and Industry Minister of India) and David Wootton, Lord Mayor of London ,on the issue of visa and post study work visa, it was found that the new visa measures taken by the UK government may affect Indian companies and Indian IT professionals who visit UK on short deputations.

Emphasising on the fact that Indian companies are establishing UK as an important base for their investments in Europe, Sharma said that he hopes such a cap on non- EU economic immigrants does not hamper the accelerating trade and economic partnership between the two countries.

He also highlighted the problems which the Indian students would face if they wished to pursue university education in the UK as the measures would be applicable to student visas and post-study work visas also.

The fate of the Indian students affected by UK Border Agency’s (UKBA) decision to revoke London Metropolitan University licence to admit non-EU international students is also an ongoing fear.

To all these concerns and many more, Lord Mayor assured that the Indian students would be taken care of and valid students would be accommodated as it is not only the matter of the student’s future but also a matter of UK’s reputation as one of the most aspired educational hubs. On the other hand Lord Mayor requested to open Indian legal and accountancy sectors which according to Sharma are self- regulatory professional bodies like Bar Council of India and the Institute of Chartered Accountants. Talks on this issue are still underway and the next possible step would only materialise once the stakeholders come forth with a consensus.


No Comments

Post A Comment

The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like). Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.