India 3rd largest FDI source |
India`s investments in the UK zoomed nearly 65 per cent in 2015, establishing it as the third largest source of foreign direct investment (FDI) into Britain after the US and France. A new report also found that the number of Indian companies in the UK, growing at more than 10 per cent, has nearly doubled from 36 to 62 firms in a year. It said that the combined turnover of these businesses has increased by 4 billion pounds last year, up from 22 billion pounds in 2014 to 26 billion pounds in 2015.The report notes that to a large extent, the "impressive rates of growth demonstrated by Indian companies" reflect the fast-growth sectors in which many of them operate - notably technology, telecoms, pharmaceuticals and financial services. The top five Indian firms operating in the UK include Bharti Airtel, HCL Technologies, Emcure Pharma, Apollo Tyres and Wockhardt.
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