Riding high on a robust economic growth, UK on Friday made a strong pitch for attracting Foreign Direct Investment (FDI) from India.
British High Commissioner to India Michael Arthur made a strong plea at 'Investments in Britain' seminar, organised by the British Deputy High Commission here, that UK was receiving the maximum amount of US and Japanese FDI among all the European nations.
He said that in the last 10 years, two-way trade between India and Britain had increased from two billion pounds to five billion pounds.
Among the 450 Indian companies operating in UK, 350 were in the Information Technology (IT) sector, he said.
Indian investments in UK also included manufacturing industries, food and drinks, tea, pharmaceuticals and biotech.
Arthur said that UK had the lowest tax and social costs in the entire European Union, while the country had one of the world's most developed e-business environments.
Deputy director of British Deputy High Commission Steve Firstbrook said that in the last year, 19 Indian companies started operations in UK.