India among highest investors in UK
Indian projects figure among the highest foreign investment in Britain in the last financial year, a year that saw the highest inward investment into the country since the 1980s, official sources here said.business Updated: Jul 20, 2014 10:47 IST
Indian projects figure among the highest foreign investment in Britain in the last financial year, a year that saw the highest inward investment into the country since the 1980s, official sources here said.
Of the top ten source-countries for investment in Britain, India ranks seventh, with 74 projects during 2013-14.
The figures were released before the Commonwealth Games Business Conference in Glasgow on Tuesday and Wednesday which will showcase to the world’s business and political leaders all that the UK has to offer.
Trade Minister Lord Livingston said: “It’s been an exceptional year for foreign investment with record project numbers creating the highest number of new UK jobs since 2001. It shows that our strategy to attract investors to the UK by creating one of the most business-friendly environments in the world is the right one and it is proof that foreign investors have confidence in the UK as the best place to do business.”
The sources said that Britain continued to attract high quality investment from around the globe both from established economic partners in Europe, North America and Japan but also from key growing markets such as India and China.
The USA led the way as the largest source of FDI projects for the UK, generating 501 projects, up 27%. The top Commonwealth country for FDI is Canada. Canadian investment reached new heights in 2013/14, with 89 projects, up an encouraging 41%.
First Published: Jul 20, 2014 07:36 IST