Source: www.hinduonnet.com
LONDON, ENGLAND, June 25, 2009: Indian-born Lord Navneet Dholakia of the British House of Lords has told his fellows that growing Indian investments need not cause fears of an Indian Raj over Britain. He went on to say that Indians could show Britain a way out of the current recession.
Figures released last week by the British government showed India has emerged as the second largest investor in Britain. Business projects created or brought in by Indian investments number 108 – behind top-ranking US’s 621 and just ahead of France’s 101. Indian investments–including mergers and acquisitions–have led to 4,139 new jobs since last year, contributing to a total pool of nearly 8,000 British jobs that the Indians have created even amid the unemployment brought on by the global recession.