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.
This is the highest in Europe and the third in the world after the United States and China
The bullishness in the emerging markets is because of the continued high growth and market size of China and India. Although most survey respondents expressed caution about opportunities in emerging markets over the next two years, they said in the long run the outlook looked promising.
During the visit organised by the UK India Business Council and UK Trade and Investment, 129 delegates, including business leaders Vittorio Colao, CEO, Vodafone; Lord Meghnad Desai, noted NRI economist; Terry Hill, chairman, Arup; Evelyn de Rothschild and Gerry Grimstone of Standard Life will visit New Delhi, Pune and Mumbai.
Britain has become the biggest foreign investor in India with an investment of 560 million, according to a report on investment flows by the Commonwealth Business Council (CBC).
Acknowledging Indian entrepreneurs' contribution to the UK's economy, British Prime Minister Tony Blair on Thursday said bilateral ties "were never more exciting" for further strengthening trade and political relations.
UK-based Randox Laboratories Ltd has set up its first manufacturing unit outside the UK in Bangalore.
A day after terminating the tainted VVIP helicopter deal with AugustaWestland, the defence ministry has set in motion the process of encashing the bank guarantee of nearly Rs 1,700 crore furnished by the Anglo-Italian firm.
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