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Indian High Commissioner in UK thanked the 1.5 million NRIs
who help India as second largest investor in UK

LONDON, 14 Oct, 2007
Sukhpal Singh/Gary Singh

In 2007, India has becomes the second largest investor in Britain after the US and Japan. India was the third largest investor in 2005-06 and sixth position three years ago.

US still continues to be the largest investor in UK. NRIs business successes in UK, helped and encouraged Indian entrepreneurs to established more than 500 companies in UK.

According to the local media group, more than 90 Indian companies from Karnataka are now located in the UK and the UK has also same amount of investors in Karnataka alone.

Last year, UK Govt. recognized the Indian businesses first time and has instituted UK Trade and Investment Business India awards.

In 2005-2006, more than 1,200 foreign companies invested in Britain from all over the world. India opened 76 projects (39 from Bombay, 10 from New Delhi, 5 from Calcutta and 10 from South India), Japan 84 projects and US 446 projects. Indian Companies invested more than 1.0 billion pounds.

Last year, from India, more than 400,000 visas were issued for UK.

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India second largest investor in UK
LONDON, 14 Oct, 2007
PTI

Making a quantum jump, India has emerged this year as the second largest investor in the UK, next only to the US.

This was stated by India's Acting High Commissioner Asoke Mukherji at a reception organised to celebrate the Silver Jubilee of the Friends Circle International organisation at Hilton Waldorf here.

He said hardly three years ago India was the sixth investor in the UK. "The increase and intensity of economic activity reflected the buoyant Indian economy."

Mukherji thanked the 1.5 million NRI community in Britain for its role in bringing the two countries together.

He said on an average half a million people from Britain visited India every year and an equal number of Indians travelled to the UK.

Lord Swraj Paul, founder member of the Friends Circle International, who has just returned after a fortnight long visit to India, said "India has changed a lot in the last five years."

He was all praise for the way the 53rd Commonwealth Parliamentary Conference was held in New Delhi last month which he attended, saying the arrangements made for the 1400 people at the meet could be compared to the best anywhere in the world and complimented Lok Sabha Speaker Somnath Chatterjee and his team for organising it in such a grand scale.

Mukherji, Baroness Varma and Veerendra Sharma, MP, were made members of the Friends Circle International by its world President J K Nayar. Lady Aruna Paul, wife of Lord Swraj Paul, was honoured on the occasion.