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India third largest investor in UK

india Updated: Aug 13, 2006 10:54 IST

Making rapid strides, India has emerged as the third largest investor in the UK.

"Three years ago, India was nowhere in the investor's radar screen. It was one-way investment from UK to India. A year ago it became the eighth largest investor in the UK and this year a few weeks ago, India was in third position and from out of darkness it has reached the third position," New Delhi's High Commissioner to the UK, Kamlesh Sharma, said on Saturday night.

India has also emerged as the second largest investor in London, said Sharma, who was the chief guest at a function organised by the Bharatiya Vidya Bhavan, UK, to celebrate India's Independence Day.

Referring to India's vast potential, Sharma said at present a State and a half fed the entire country and if the "agriculture revolution" became a reality, it would put the IT revolution to shade.

India, he said, was doing well in other areas including manufacturing and services.

Maneck Dalal, Chairman of the Bharatiya Vidya Bhavan, UK, said that from next month, the Bhavan would start a new degree course in music in collaboration with the Trinity College of Music and the University of Westminster.

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