The UK has strengthened its position as the single largest G20 investor in India, supporting nearly 800,000 jobs.
The CBI’s second ever Sterling Assets India report shows that between 2000 and 2016, the UK invested $24.07 billion into India – 8% of all Foreign Direct Investment (FDI).
This makes the UK the largest investor into India after Singapore and Mauritius, and significantly ahead of the USA.
Over the next three days, the CBI's International Team will be visiting New Delhi and Mumbai.
We will be presenting Sterling Assets 2 at roundtables with British Government ministers from HM Treasury and the Department for International Trade, discussing it with India's media and meeting our counterparts at India's business groups.
On Monday, we explored the opportunities for Global Britain with our sister federations in India.
We discussed the opportunities for the Indo-British trading relationship following Brexit, Indian political developments and the Premiership of Narendra Modi, and the scope for British business in sectors ranging from infrastructure to smart technology to financial services.
Tuesday saw us present Sterling Assets to Ministers from the Treasury and Department for International Trade.
We hosted a round table discussion with Mark Garnier, International Trade Minister, and Baroness Neville-Rolfe DBE CMG, Commercial Secretary to the Treasury, along with CBI members in India, in sectors from financial services to aviation.
We also met many British and Indian businesses, and the Chancellor of the Exchequer, at the British High Commission in New Delhi.
We were in Mumbai on Wednesday to host a discussion on the economic relationship between the UK and India.
Joined by the Chancellor of the Exchequer, we hosted a round table with major British and Indian companies, to explore what's next for our strong relationship, following the triggering of Article 50.
“It's really encouraging to see the vibrant economic relationship between India and the United Kingdom continues to flourish.
“From strengthening the UK's leading position as the largest G20 investor in India to being the biggest Indian job creator through direct investment, it's clear the country is a magnet for British firms.
“As UK companies grow, they also create jobs and drive prosperity here at home. Further reductions in India's corporate tax rates and improvements to the ease of doing business will see the relationship between India and the UK go from strength to strength.”
Carolyn Fairbairn, CBI Director-General