There you go.. Indians are not only taking over the palates of the Brits but also investing in the financial capital of Europe – London.
India, which till recently used to depend on overseas investments to boost its economic development, is now playing a different role — that of an investor.
A report by Think London, a FDI agency, said the India Inc has now emerged as the second largest investor in London, accounting for 30% of all the foreign investment in London. The US continued to be biggest accounting for 50% of the investments.
In ‘05, as many as 22 Indian corporates set base in London creating 400 new jobs in sectors like pharma, telecon and IT. One of the biggest job creators was the Bangalore-based Microland, which is expected to create around 50 jobs.