INDIA, July 12, 2011 (mea.gov.in): India was the third largest investor in Britain during 2010-11 with 97 new projects, generating several jobs in a country facing recession and major job losses, according to official figures released today.
“Among the high growth markets, India and China are still the two principal sources of inward investment by project numbers,” an official report titled by ‘UK Inward Investment Report 2010-2011’ released by the UK Trade and Investment said.
An example of India’s growing investment in Britain is Tata Steel and Australia’s Dyesol’s recently announced expansion of their 11 million pounds collaborative R&D project in Flintshire to develop the world’s first continuously manufactured dye-sensitized photovoltaic product on steel, for building applications.
The report indicates that Britain is the top destination for foreign investment in Europe.