Processing .....please wait.. 
The article has been forwarded.... 
British Midland seeks investment from Indian IT, ITes sectors
By siliconindia
|
Tuesday, 23 September 2008, 16:31 IST
Mumbai: British Midlands, a government funded organization to support the growth of international business in UK, is foraying to India to attract investments from IT and IT enabled companies, who are functioning at engineering and manufacturing sectors.
"We are focusing on trying to attract investment in knowledge driven areas, research and development and knowledge services as these are less affected by the credit crunch," Nicola Kidd, Head of International, British Midlands, told Business Line. "While there could be some delays, Indian companies that are looking to expand globally will continue to do so, despite the slowdown," he added.
The British Midlands region has been one of the favorite destinations for Indian manufacturing, engineering and automotive companies. Kidd had recently visited India to attract more investments from these companies and to promote this region as an investment option for Indian IT and ITes sectors also.
Most of the companies prefer this region due to its flexible labor, language, less unionization, more competitive labor and property costs when compared to other regions.
"India is currently among the top 10 countries in terms of investment in the UK and the number one in terms of new investment after Tata�s Jaguar Land Rover deal," Kidd said.
Moreover, companies like Mahindra and Mahindra, Godrej (Geometric Software Solutions), State Bank of India, Bank of Baroda, ICICI and Four Soft have recently made investment in British Midland region.