India has emerged as one of the biggest investors in the United Kingdom in terms of projects. Thus continues a trend: in the last financial year, India was ranked second as the UK’s primary investor under the same measurement, ahead of Japan and just behind the US.
India made 108 project investments, creating 4,139 jobs. More than 700 Indian companies have investments in the UK, and two-thirds of these are in the ICT/software category. Foreign direct investments from India amounted to 3.5 billion pounds sterling. Among Indian companies, Tata has the most sizeable presence in Britain, owning prestigious carmaker Jaguar and Land Rover and Corus Steel, the UK's largest firm in this sector. Tata Consultacy Services, in the IT arena, is also quite prominent. Tata employs nearly 50,000 people in the country. In 2009, the UK retained its position as the most attractive destination for inward investment in Europe, according to Ernst & Young's European Attractiveness Survey published last month. (August 4th 2010)
Source: The Times of India
