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India Wire India becomes second largest investor in Britain
India Wire India becomes second largest investor in Britain | India becomes second largest investor in Britain |
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| by Sufia Tippu | |
| Monday, 30 October 2006 | |
  
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“More than 80 Indian companies from Karnataka are now located in the UK and the UK too has a similar growing number of investors in India, with over 80 UK companies in Karnataka alone,” Mr Arthur said, during the inauguration of the Bangalore IT in 2006, India’s premium IT exhibition. For the first time in November this year, UK will be recognizing the Indian businesses and has instituted UK Trade and Investment Business India awards which will “mark a totally new level of India-UK investment in our two economies,” he added. With both Britain and India having an objective of becoming world class knowledge economies, the two countries are recognizing their strengths in R&D and the importance of generating IP. “Our Prime Minister’s initiative of fresh funding of 10 million pounds in September 2005 was an early start. UK Education and Research initiative is now up and running and I believe there is an opportunity for Indian research teams from the state and private sectors to participate in this,” Mr Arthur said. This year 400,000 visas for the UK will be issued. “I predict 500,000 visas for the UK would be issued within a few years. Over 90% of business visas are issued every year – so the bad news stories about UK visas are simply not true. We are looking at more and more ways to make entry into UK better and we believe that those doing good and honest business should be allowed to travel and meet,” he said. |
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