Maharashtra Leads Indian FDI in the UK: A Sectoral Breakdown

A report from the Confederation of Indian Industry and the High Commission of India reveals Maharashtra, Karnataka, and Delhi are the top Indian states for foreign direct investment (FDI) in the UK. Indian companies, particularly in IT and software, are significantly contributing to the UK economy, fostering job creation and sustainable growth.


PTI | London | Updated: 08-06-2024 14:10 IST | Created: 08-06-2024 14:10 IST
Maharashtra Leads Indian FDI in the UK: A Sectoral Breakdown
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Maharashtra, followed by Karnataka and Delhi, are the top three Indian states driving foreign direct investment (FDI) into the UK, according to a report by the Confederation of Indian Industry (CII) and the High Commission of India in the UK.

The report, titled ''Indian Assets: Charting the Journeys of Indian Companies in the UK,'' unveiled in London, shows Maharashtra leading with 20 per cent FDI in 2023, followed by Karnataka (12 per cent) and Delhi (8.6 per cent). These top three states are part of the larger tally of ten states, which collectively account for 78 per cent of Indian FDI to the UK.

The report highlights the dominance of the IT and software sector in driving FDI, reinforcing the significant role of Indian companies in sectors such as automotive, electric car batteries, diagnostics and healthcare, and technology. The analysis underscores how Indian firms positively impact heritage British brands, preserving their value while integrating into the UK economy, fostering job creation and investment.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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