Indian Companies Investing in UK

India ranks as one of the top nations for FDI in the UK

As per recent UK government statistics published, Indian firms ventured around the UK with investments made on around 99 projects and also additionally helped generate 4,830 jobs within the United Kingdom in 2020. All these investments have helped India’s position in foreign direct investment rankings within the UK and make them the second largest investing source for their foreign direct investment; the rank one investing nation is the United States. According to India meets Britain tracker survey report, which was prepared along with a partnership with the Confederation of Indian Industry, the number of Indian firms that are actively investing as well as operating on a daily basis within the UK seems to have increased to around 850 during the year of 2021 from 842 which was the report for the year 2020.

The influence, as well as the power of companies such as the likes of Tata and Infosys, seems to be a well-known factor in the business economy, but Alpesh Patel, who seems to be representative of the private equity firm based in London, mentioned to the reporters about the increase in strength as well as numbers in Indian small to medium-sized enterprises, it has been observed that the medium as well as small size businesses are performing better and have improved quite a bit when compared to decade-old reports. This rise in a better business economy has pulled in a lot of new investors who are trying to invest within the European markets utilising the United Kingdom’s market. It goes on to say that the UK’s efficient business models, including the familiarity with the English language as well as the UK’s multiculturalism, seem to be a deciding factor for a lot of investors, making the UK an appealing prospect for new Indian investors.

Brief on Indian investments in the UK

The total turnover of all the companies operating within the United Kingdom seems to have also increased to around 50.8 billion pounds which are approximately around 5.28k crores. This rise in the figure is much higher when compared to previous years’ figures which were around 41.2 billion pounds, according to various reports, which seems to have stated that all these companies present within the UK employed approximately 116k people as compared to the previous year’s figures, which were at 110k during 2020. Despite the hurdles created by Brexit and COVID-19 pandemic, Indian firms’ impact on the UK has been great in all aspects of its economy. India and UK, as leading nations, seem to be focused on building as well as maintaining closer cooperation, both nationally as well as globally, as both of these nations try to build back their market and economy, which was affected due to the pandemic.

Around five specific businesses increased their yearly turnover by more than a full hundred per cent. The Indian institution named Birlasoft Solutions Ltd increased its turnover to around 158 per cent, following Reliance JIO’s Infocomm UK Ltd, which generated around 138 per cent overall turnover. Life Molecular Imaging Ltd, Tillomed Laboratories Ltd, and Chloride Eastern Ltd had their turnovers around 114, 113 and 103, respectively. There are around 49 fastest-growing organisations, out of which  39 businesses were not included in the survey or business tracker report, according to the researchers. These reports represent that the UK is and will remain one of the highly investment-friendly locations for Indian investors that attract employees as well as lowers the employment gaps in genders, making the UK one of the highest-ranking countries with a higher number of female board members. Throughout the Covid 19 recession, the trade and investment relations, as well as investments between India and the United Kingdom, have steadily improved instead of declining. Our governments are dedicated to removing trade obstacles as well as promoting cooperation within the areas that show great innovation as well as technological development, specifically within areas that have more in common with India.

Conclusion

The article explains briefly how the Indian government has invested in various sectors within the United Kingdom and has generated employment and how India has strengthened the bilateral relationship between both nations. The article also mentions other topics related to Indian companies investing in the UK.