A new Britain Meets India report released on Wednesday has identified 572 UK companies in India, with a combined turnover of around Rs 3,390 billion, tax payment of around Rs 173 billion and employing 416,121 people directly in 2019-20. The report, by Grant Thornton Bharat and Confederation of Indian Industry (CII), is the sister tracker of an annual India Meets Britain tracker of Indian companies operating in the UK. It has highlighted some of Britain s fastest growing companies in India, led by Dyson Technologies and Aviva Life Insurance Company, both of which registered a growth of over 100 per cent. The highest revenue earner has been identified as metals and mining major Vedanta Ltd and the top employer is London-headquartered security services company G4S Plc.
UK s investments in India continue to grow: Report
By IANS |
Published on
Wed, Feb 17 2021 20:06 IST |
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Growth chart. (File Photo: IANS). Image Source: IANS News
New Delhi, Feb 17 : India-UK relations will touch a new high in the post-Covid world, says a Grant Thornton Bharat-CII Britain Meets India report.
According to the report, India is likely to be a priority country for the UK, especially post Brexit, leading to an enhanced economic partnership.
The strengthening of partnership can be gauged from the developments on the investment front where FDI inflow from the UK to India for a particular year increased from $898 million in 2015-16 to $1,422 million in 2019-20.
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