'Businesses must know the rules of the game... If it becomes unpredictable, it is damaging'
Third time in India. But first time in 20 years that a British PM comes to Mumbai.
Well, I came to Mumbai when I was the leader of the Opposition, some five years ago, and I was incredibly impressed by the vibrancy, by the growth. But obviously then the big bridge across the bay was not constructed. But coming this time and seeing that was like a symbol of the immense change that is taking place in your country. This is a key financial centre and Britain is a big financial player and it is right for a British prime minister to be here. When I became leader of the Conservative Party, my first major visit was to India. When I became the Prime Minister, my first major visit was to India and within two and a half years, I am back again with a big business delegation.
Why this focus on India?
I think we have got special things to bring to each other. If you look at Britain, I am very proud that Tata, one of your great businesses, is transforming the British steel industry and transforming the motor industry with Jaguar Land Rover. We think we have a lot to offer to India too. You are going to be providing 40 million new university places. We have got great universities to work with you on that. You will be doubling your spend on healthcare. We have fantastic hospitals in the healthcare businesses. You will be building motorways, railways and infrastructure. We have great architects and planners. So I think the partnership — that is what we should be building. And in doing that, we have 1.5 million Indians living in Britain making a massive contribution, many of whom run successful businesses, who I brought with me to India.