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Saltrock Managing Director joins UK Prime Minister on trade visit to India

ANGUS THOMSON, MANAGING DIRECTOR AND CO-FOUNDER OF THE POPULAR LIFESTYLE VALUE RETAILER JOINED A DELEGATION OF BUSINESS LEADERS FOR AN EVENING EVENT HOSTED BY THERESA MAY AT SIR DOMINIC ASQUITHS HIGH COMMISSIONER RESIDENCE IN NEW DELHI, INDIA.

He joined other retailers and wider members of the UK and Indian business community to better understand the future post EU trading landscape and drive future interests.

 

Angus Thomson had written to the UK Prime Minister in recent weeks due to a growing business concern felt from changing exchange rates in light of the plummeting pound. He said that Small and Medium Enterprises (SMEs) can be hit hardest by changes in the exchange rate and steps such as a cutting duty free on garments could make a material difference and allow SME's like Saltrock to continue developing business relationships with India.

 

Angus Thomson was invited by the UK government to join the trip in light of his letter.

 

From India, Angus Thomson said:

“Saltrock currently employs 450 people, mostly in the South West. The tanking pound has meant we are constantly looking at how we make the best deals possible to offset the currency movement.  We have a long term trade commitment to Saltrock’s supplier in India and have invested heavily in the relationship and technology.  Understanding the UK governments commitment to UK and India trade is crucial to our supply chain strategy and future plans”.