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.
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