India becomes Fourth Largest Foreign Investor into UK
As per the official figures published by the UK’s Department for International Trade, India has become the fourth largest foreign investor into the UK in 2016-17. India has lost its position as the third largest investor to France.
In 2016-17, India had set up 127 new projects and safeguarded 7,645 existing jobs and created 3,999 new jobs in the UK. India is sharing the fourth spot with Australia and New Zeland, which had also set up 127 projects collectively.
The US remains the top most investor in the UK by setting up of 577 projects in 2016-17. China (including Hong Kong) with 160 projects and France with 131 projects have been placed in the second and third positions respectively.
The UK continues to be a great inward investment destination and remains extremely attractive to foreign investors even after its decision to exit the EU. The UK attributes open, liberal economy, world-class talent and business-friendly taxation as a reason for remaining extremely attractive to foreign investors. The UK had managed to attract more Foreign Direct Investment (FDI) projects than ever before for 2016-17. In a sum, UK claims itself as the number one destination for inward investment in Europe with the sectors such as technology, renewable energy, life sciences and creative industries all witnessing an increase in the number of projects and investments.
India-UK Roadmap 2030 and Enhanced Trade Partnership
The Indian Prime Minister Narendra Modi and the UK Prime Minister Boris Johnson held a virtual bilat...
UK-India $1.4 billion investment deal
The Government of India and British Government recently finalised a one billion pound of trade and i...
Cabinet approves Agreement between India and UK on Customs Cooperation
On April 28, 2021, the Union Cabinet chaired by Prime Minister Narendra Modi approved the agreement ...
WHO to provide 4,000 oxygen concentrators to India
The World Health Organisation recently announced that it will provide 4,000 Oxygen Concentrators to ...
FPI inflows in India: Rs 2.74 lakh crores in 2021
In 2021, India has emerged as the largest recipient of Foreign Portfolio Investments. The net FPI in...
Month: Current Affairs - July, 2017
|View All E-Books: Recent Release|