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India eighth biggest investor in Britain
By agencies
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Wednesday, 11 January 2006, 20:30 IST
LONDON: India is the eighth biggest investor in Britain, ahead of countries like Italy and the Netherlands, according to official figures.
Increased interest by Western companies in setting up operations on the Indian sub-continent has been matched by an investment flow from India to Britain.
Rapid expansion of the Indian economy over the past three years has led to the sharp rise in investment by large Indian companies in the country.
According to recent British government figures, Indian companies were behind 36 inward investment projects in Britain in 2004-05, compared to 28 in 2003-04 and 19 in 2002-03.
The figures put India in eighth position among the countries with investment deals in Britain. While India remained behind the U.S. and Germany, it leveled with China and stayed ahead of Italy and the Netherlands.