Categories: Business

India ranks second in terms of foreign direct investment in UK, investing in 120 projects in 2019

Photo: GOOGLE

India moves up a rank to become second-largest source of FDI for UK

London. Among the countries investing in Britain, India has moved up to second place after America. It invested in 120 projects here in 2019 and created 5,429 new employment opportunities. The UK government's official data released on Friday showed this.

According to the data released by the Internal Trade Department on investment in the country in 2019-20, India has moved from the third position to the second position. For Britain, the US remains the first source of foreign direct investment (FDI). It invested in 462 projects and created 20,131 jobs. It was followed by India, Germany, France, China and Hong Kong respectively.

Australia and New Zealand invested in 72 projects. The Nordic and Baltic region accounted for 134. According to the data, the number of Indian projects in 2018 was 106 and it created 4,858 jobs. At the same time, the number of projects increased to 120 in 2019, while employment opportunities reached 5,429.

Britain's International Trade Minister Liz Truss, addressing India Global Week, 2020 via digital, said that during the Kovid-19 crisis, we continued to work closely with India to maintain the supply chain and maintain the trade route. It is important that we do not move towards protectionism.

This post was published on July 11, 2020 12:13 pm

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