Indo-UK Business On A Roll
Written by JDPGlobal | Friday, 25 November 2005
As Indian companies contribute towards growth in British industry, Sir Michael Arthur, the British High Commissioner to India said that the business ties between India and UK are becoming a two-way affair. He said that the relations between India and Britain have become a two-way flow as the Indian companies are adding up to the business enhancement in the UK.
The High Commissioner said that UK has become the favourite investment choices for Indian businessman, while there was momentous reiteration by the British companies. He was speaking after opening an HSBC group service centre. He said that the UK was the third largest and biggest investor in India. He added that their share of investment approvals since 1990-91, made up of nearly 2,500 joint ventures is 10 per cent, which is ahead of countries like France and Japan.
He quipped that in Britain, they welcomed 36 new Indian projects. A few companies were based in West Bengal. Sir Arthur also pointed out the input of DFID in helping the state to develop its social infrastructure.
