Is LONDON Top Choice for INDIAN Investment

London has pipped Singapore and Dubai to become India Inc's most-preferred city for overseas investments, data from London & Partners shows. In 2018, Indian FDI into the British Capital surged by 255% even as Indian investors funded more projects in the UK (52) as compared to the US (51) or the UAE (32). More than 40 Indian companies set up shop in the UK this year. The reasons? A fall in the value of the sterling pound, low rates of corporation tax (compared to India) and the ease of doing business, a CII report says.

From the words of Mr Neil Brigden, who is Promoting London internationally as the best city in the world to invest and as the leading destination for FDI globally,there are now a record 842 Indian companies operating in the UK, with combined revenues of over 48 billion pounds ; contributing nearly 700 million pounds in corporation tax and employing over 100k people. Whilst London remains the preferred location for more than half of the fastest growing Indian companies investing in the UK and the top city globally for Indian business investment, with record number of FDI projects in 2018. With London & Partners upcoming trade mission to various cities across India, the recent announcement of the UK India Tech Hub at ABP London's 1.7bn pounds Royal Albert Dock in East London to support early stage Indian and UK tech firms; the climate for collaboration across London and India is thriving.....