Investment by Indian businessmen in the United Kingdom has increased by 47 per cent in 2003-04 over the previous fiscal, according to the figures published by UK Trade and Investment.
About 28 new companies from India invested in UK in 2003-04 against 19 in the previous fiscal, bringing the total number of Indian companies in the UK to 480, UK Trade and Investment said in a release.
The new Indian projects have created about 646 new jobs in that country, it said, adding the figures confirmed UK's position as top European investment location for Indian companies.
Japan is the largest investor in the UK with 52 investments creating 2344 jobs.
"This year's figures reinforce our belief that Indian businesses are well positioned to the many benefits of locating and doing business in UK," Deputy Director - Inward Investment India Mark Dolan said.