India UK’s 3rd Largest Job Creator with 65% FDI Increase - #2 in London : UK Trade Investment Agency

[Chanakya's_Chant]

India UK’s 3rd Largest Job Creator in 2014​

LONDON: India has emerged as Britain's third biggest job creator in 2014 as the country saw a 65% increase in foreign direct investments (FDI) from here. India helped create 9,350 jobs in UK in 2014 — second only to the US (36,778 jobs) and Germany (9,727 jobs). But Germany recorded far fewer projects than that of the US, India or France.

The data was released by the UK Trade Investment Agency which shows that between 2014 and 2015, India created 7,730 new jobs and safeguarded 1,620 old jobs. In comparison, other European countries like Italy created 2,193 jobs, Spain 3,646, Switzerland 1,489, Sweden 1,382, Denmark 2,015 and Norway 440.

Earlier data released by London and Partners on Tuesday showed that Indian companies have already created 504 new jobs this year in London alone - second only to the Americans who created 1983 jobs.
​

Reacting to the news, UK PM David Cameron said, "The scale of foreign investment is a huge success story which shows that Britain is the place to do business. This is a proof that our long term economic plan is working. "

The US was the single largest source of FDI projects recording 564 such initiatives — an increase of just 12% from the previous year. France was the second largest source with 124 projects — an almost 13% increase from last year.​

But France stood fourth in job creation with 8,198 jobs.

Percentage increase in projects was highest from India — 65% over the previous year resulting from 122 projects making it the third largest source of FDI and the largest source of FDI from an Asian country.

Michael Boyd, managing director of UKTI, said, "Our increased focus on emerging markets in recent years is starting to pay off. India has become the third largest source market for FDI projects and more than 500 opportunities have been generated through a new, private-sector led delivery model in other emerging markets."​

Source:- India UK’s 3rd largest job creator in 2014 - The Times of India
Indians 2nd biggest job creators in London - The Times of India

 

[Azz Kikr]

but english would still be crying that we are taking their shitty call centre jobs and creating unemployment

 

[ito]

There has been precept able change in UK's attitude towards India since 2000's. UK is one of the largest investors in India while India is the third largest investor in UK's economy. I always feel UK is India's gateway to Europe's economy.

 

[Chanakya's_Chant]

Earlier with the acquisition of top British brands like Tetly Tea and JLR - Indias TATA group became the largest Private Sector employer in UK.

Brand India shines: Tata is UK's biggest industrial employer - Firstpost
Ratan Tata, the UK's largest private sector employer, steps down - The Foreign Desk - Our Voices - The Independent

 

[Chanakya's_Chant]

Indian Companies Invest Billions, Create Thousands of Jobs in the U.S.

During his first year in office, the Indian prime minister visited 19 countries on trade missions, including an appearance before an American-Indian audience at Madison Square Garden in New York.​

As India attempts to thaw its business environment and attract the interest of foreign companies, a hundred Indian firms have together made investments worth more than $15 billion in America, according to the findings of a new survey by the Confederation of Indian Industries and audit firm Grant Thornton International Ltd.

The findings, which were released in a report titled “Indian Roots, American Soil” on Tuesday, suggest that Indian companies in the U.S., most operating in the information-technology sector, have created thousands of jobs there and show a growing interest in hiring more American workers in the next few years.

Indian outsourcing companies in the U.S. have in recent months been criticized for depending too much on foreign staff — H1-B visa holders – instead of hiring locals.

The 100 Indian companies surveyed are spread across all 50 U.S. states, the report said. Here are the main numbers from the report.

91,000​

The survey says Indian firms have created more than 91,000 jobs in the U.S., most of them concentrated in New Jersey, where they have hired over 9,000 people. In California, more than 8,000 people work for Indian companies.

$15.3 billion​

The total value of tangible investments – for example in real estate or equipment — made in the U.S. by the surveyed companies. Texas has received the largest amount — almost $3.85 billion from 17 Indian companies, most in the information-technology and telecom sectors. The report didn’t give a timeframe for these investments.

40%​

The percentage of surveyed companies that do information-technology business is 40%. The report also highlights the emergence of Indian companies in the pharmaceutical and manufacturing sectors, which each accounted for 14% of the firms surveyed.

84%​

That’s the proportion of companies in the survey that plan to make more investments in the U.S. in the next five years. California, New Jersey, New York and Texas are the “most promising states for expected future investment,” the report said.

90%​

The forecast for hiring local U.S. employees is also encouraging, the survey reveals. Almost 90% of the companies responded positively when asked if they foresaw hiring locally in the coming five years.

Source:- Indian Companies Invest Billions, Create Thousands of Jobs in the U.S. – The Numbers - WSJ