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- Report: Sterling Assets: India 3 - Britain meets India
Sterling Assets: India
Britain meets India.
The third edition of Sterling Assets: India, a study on the impact of the UK’s foreign direct investment in India, showcases the richness of British investments in India with data and case studies from firms of all sizes and sectors.
This year, the CBI has widened the scope of the research contained within the report, with a separate section on innovation facilitated by UK companies in India been added. This report for the first time recognises the diversity of UK companies in India. Another addition is a special section on key British individuals who have had entrepreneurial success in India.
Between April 2000 and June 2018, investments directly from the UK amounted to US$ 26.09 billion, creating 422,524 jobs representing 7% of total FDI into India. About 38% of UK companies in India made new investments in 2017.
We are in no doubt that India will be an important partner in the UK’s global future. Britain’s ambitions after Brexit and the bold economic initiatives taken by India’s Prime Minister Narendra Modi – introduction of the Goods and Services Tax, demonetisation, the Insolvency and Bankruptcy Code, digitalisation of the economy – are opening up new avenues to enrich our already strong relationship.