India third largest investor and generate more jobs in UK

[Mumbai Man]

LONDON: India was the third largest investor in Britain during 2010-11 with 97 new projects, generating several jobs in a country facing recession and major job losses, according to official figures released.

"Among the high growth markets, India and China are still the two principal sources of inward investment by project numbers," an official report titled by 'UK Inward Investment Report 2010-2011' released by the UK Trade and Investment said.

An example of India's growing investment in Britain is Tata Steel and Australia's Dyesol's recently announced expansion of their 11 million pounds collaborative R&D project in Flintshire to develop the world's first continuously manufactured dye-sensitised photovoltaic product on steel, for building applications.

Peter Strikwerda, managing director of Tata Steel Colors, said: "This project forms a key part of our strategy to develop a new range of functional coated steel products. The expansion takes it from its laboratory and pilot line phase into a pre-industrialisation phase".

He added: "We will now accelerate technical progress with the objective of establishing a product, process and supply chain that can be successfully commercialised".

The report indicates that Britain is the top destination for foreign investment in Europe.

Speaking to over 100 CEOs of the UK's leading investors at UKTI's Business Summit, Business Secretary Vince Cable said: "The UK is rightly proud of what it achieves in exporting ideas and products overseas, but also in bringing new technologies and talent home".

He added: "With more overseas companies choosing the UK to set up their headquarters than anywhere else, we are in a good position to capitalise on these opportunities."

Foreign secretary William Hague said: "The strong investment performance in this report confirms what many already know; the UK is a great place to invest, grow and succeed.

UK investors benefit from a globally renowned science and technology base, access to talent and a skilled labour force, in one of the most open economies in the world".

The US tops the country of foreign investment during the year with 388 projects, while Japan is second with 105 projects. Sector-wise, 'Software' attracted the most new projects: 229.

India third largest investor and generate more jobs in UK - The Times of India

 

[Tshering22]

For a country that was its colonial "territory" for 2 centuries, I think Brits are damn lucky they ever came into contact with us. Good to see our profile is rising in Europe.

 

[PteX]

If anything the Brits deserve what they get and should be thankful that India invests in them.

 

[majesticpankaj]

India is also the second biggest investor in US after UAE.... good job by India

 

[Cambodia Spirit]

So Brits must be very happy now but hundred millions people in India are very SAD!!!!

 

[Aramsogo]

India is also the second biggest investor in US after UAE.... good job by India

This is so wrong I don't even know where to start. India's FDI in the US is so small it's listed as OTHER in the Asia Pacific section.

The UK is the single largest investor in the US at $454 Billion, Japan is $361 Billion, Canada is $225B, Germany is $218B tiny Singapore is $23 Billion, UAE is $2.6 Billion. Taiwan is $4.2B and Hong Kong is $3.8B. The "Other in Asia Pacific" which includes India is $1.25 Billion. These are all 2009 figures, the latest available.

 

[Mo12]

This is so wrong I don't even know where to start. India's FDI in the US is so small it's listed as OTHER in the Asia Pacific section.

The UK is the single largest investor in the US at $454 Billion, Japan is $361 Billion, Canada is $225, tiny Singapore is $23 Billion, UAE is $2.6 Billion. Taiwan is $4.2B and Hong Kong is $3.8B. The "Other in Asia Pacific" which includes India is $1.25 Billion. These are all 2009 figures, the latest available.

So you are saying the journalists are rubbish and dont have a clue and should find a new profession then?

 

[Aramsogo]

So you are saying the journalists are rubbish and dont have a clue and should find a new profession then?

No, but I am saying pankag pulled his India is the 2nd biggest investor in the US after the UAE out of his butt. I can pull figures for every major country by industry for the last 20 years and not only is India not on the leaderboard, it's not even in the tournament.

 

[Jade]

No, but I am saying pankag pulled his India is the 2nd biggest investor in the US after the UAE out of his butt. I can pull figures for every major country by industry for the last 20 years and not only is India not on the leaderboard, it's not even in the tournament.

At present I think India is investing more in Europe than in US. Tata is one of the largest employer in UK, having aquired Corus Steel, Jaguar and others. In next decade you will see a sea change. Majority of investments in US and Europe would be from India and China

 

[saleen_s7]

So you are saying the journalists are rubbish and dont have a clue and should find a new profession then?

I think the journalists should be shot. Its good to see India making progress but I think the journalist just want the Indian people to have a few orgasms. Matter of fact, I doubt the claim that Indians are the 3rd largest investors in UK.

 

[saleen_s7]

lol if google the source, all you have is links to Indian news reports.

 

[Jade]

I think the journalists should be shot. Its good to see India making progress but I think the journalist just want the Indian people to have a few orgasms. Matter of fact, I doubt the claim that Indians are the 3rd largest investors in UK.

You have no idea of the investments in UK. US followed by Japan and India are the largest investors in UK. I am providing a link from Financial TIme. Financial Tmes is a UK newspaper

Cable upbeat on inward investment fall - FT.com

 

[Mumbai Man]

lol if google the source, all you have is links to Indian news reports.

expected!! but i hope rest of Bangladeshis are smarter than you

Inward Investment report 2010/11

Project numbers were down for many countries, but there were increases for markets such as India, Canada, Spain, Switzerland and the Netherlands.
Among the high growth markets, India and China are still the two principal sources of inward investment by project numbers.

 

[saleen_s7]

expected!! but i hope rest of Bangladeshis are smarter than you

Inward Investment report 2010/11

Project numbers were down for many countries, but there were increases for markets such as India, Canada, Spain, Switzerland and the Netherlands.
Among the high growth markets, India and China are still the two principal sources of inward investment by project numbers.

I stand corrected and I guess I made a mistake. But I expressed doubt about India being the 3rd largest investor in UK, no need to get personal and take offence, but what about in the States? Like one of your countrymen suggested that India is the second biggest investor in US, can you please back that claim with a reliable source? You only replied to half the argument I made.

 

[jdme]

This is so wrong I don't even know where to start. India's FDI in the US is so small it's listed as OTHER in the Asia Pacific section.

The UK is the single largest investor in the US at $454 Billion, Japan is $361 Billion, Canada is $225B, Germany is $218B tiny Singapore is $23 Billion, UAE is $2.6 Billion. Taiwan is $4.2B and Hong Kong is $3.8B. The "Other in Asia Pacific" which includes India is $1.25 Billion. These are all 2009 figures, the latest available.

All in one year?