The Federation of Indian Chambers of Commerce and Industry (FICCI) has called for restarting negotiations for India's Free Trade Agreements with UK and European Union (EU). Addressing the South Asian Diaspora Convention in Singapore last night, FICCI Secretary General A Didar Singh said, India-EU FTA has been on the anvil for 10 years. He said, India is a very strong and important economy that other countries want to associate with. Mr Singh said, the call came from a FICCI survey of the 800 Indian companies based in UK, which reported a sudden 15 per cent decline in return on investments as the pound sterling fell 15 per cent following Brexit vote last month. Responding to the survey, the companies said they see a decline in profitability over the next three to five years, especially following the split decision which will impact their European business done through UK-based offices.