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India slips to be 4th largest investor into UK

India has lost its position of being the third largest investors in the UK and has slipped down to the fourth position.

The UK claims itself to be the number one destination for inward investments in Europe. It has recorded an increase in the number of projects in all the fields including technology, renewable energy, life sciences and creative industries. It has recorded more than 2200 projects with 75,226 new jobs, and 32,672 safeguarded, amounting to over 2,000 jobs per week across the country. It has attracted the highest FDI (Foreign Direct Investment) in 2016-2017 according to figures published by the Department of International Trade. Minister of International Trade, Dr Liam Fox, said that EU plebiscite and the UK has been extremely attractive for foreign investors and attracts a record level of inward investments. With an open, liberal economy, world-class talent, and business-friendly taxation, they continue to promote strengths of UK as a great destination for inward investments.

India has slipped from being the third largest investor in the UK to the fourth one along with Australia and New Zealand which also set up 127 projects. The US is the first largest with 577 projects and then on the second position is China along with Hong Kong with 160 projects.

India has set up 127 projects in Britain and has safeguarded 7645 jobs and created 3999 new jobs. It was the third largest investor but has lost its position to France which has set up 131 projects.

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