Sun, Dec 4, 2016 | updated 05:48 PM IST

FICCI welcomes new UK Prime Minister Theresa May

Updated: Jul 14, 2016 12:28 IST

New Delhi, July 14 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) today congratulated Theresa May on her taking over as the new Prime Minister of the United Kingdom.

In a statement, FICCI said, "The Indian industry is optimistic that under her resolute and decisive leadership, the period of uncertainty and volatility will give way to stability and renewed commitment to foreign enterprise to view UK as an ideal investment and business hub. FICCI assures its continued cooperation and commitment towards deepening business synergies with the UK, which has remained India's valued economic partner."

May assumed charge as Britain's second woman Prime Minister on Wednesday and immediately announced changes in the Cabinet.

The new cabinet appointments are as follows:

Chancellor - Philip Hammond

Home Secretary - Amber Rudd

Foreign Secretary - Boris Johnson

Defence Secretary - Michael Fallon

Secretary of State for exiting the European Union - David Davis

International Trade Secretary - Liam Fox. (ANI)