'Businesses must know the rules of the game... If it becomes unpredictable, it is damaging'
This idea of a Mumbai-Bangalore corridor comes from this?
As the Indian economy thinks of how it is going to plan and expand, the idea of having a corridor of new towns along that route to help drive economic growth, I think, is an exciting one. So we have architects, planners and designers here to help discuss it with you and if this idea takes off, we would like to be a part of it.
Why leave it all to the Japanese?
Well, exactly. Look, someone said the Japanese have motorcars to sell, the Germans have machine tools to sell. We like to think in Britain, we have everything. We have insurance, banking, retail, motorcars, manufacturing, many, many things to offer. And also, I stress this point that we haven't come just with business. We brought museum curators, we brought Premier League football clubs and brought great things like the British library... And there is the people-to-people relationship too.
How are Indo-UK ties different from the Indo-US relationship?
I think there is obviously the past, which I think we should draw strength from... culture, language and history. There is also the people-to-people relationship. Of course, there are many Indians living in the USA. But I think the British-Indian community of around 1.5 million is making a big contribution. So I think there is the past, the family ties and then there is the future... I think we can make it a strong partnership.
Do you think it has quite reached the level it should have?
No, I think it can be much better. The signs are good.
Is it in spite of the history, or is it because of it?
I think we have not worked hard enough. I think that Britain now needs to look outwards beyond Europe and think why can't we do better at restoring old friendships and making new friends... The signs are good. Britain is now the top European investor into India. Half of Indian investment into the EU comes to Britain... The basis is there.