Britain The top three Indian states that received foreign direct investment (FDI) in 2023 are Maharashtra, followed by Karnataka and Delhi, according to a new joint report prepared by the Confederation of Indian Industry (CII) and the Indian High Commission in the UK. The report, presented in London this week, showed that companies headquartered in Maharashtra accounted for the highest 20 per cent of FDI in the UK in 2023, followed by Karnataka (12 per cent) and Delhi (8.6 per cent).
These are included in the top 10 states
The top 10 states are Gujarat (7.1 per cent), Tamil Nadu (6.7 per cent), Telangana (6.5 per cent), Uttar Pradesh (5.9 per cent), Haryana (4.5 per cent), West Bengal (3.14 per cent) and Kerala (3.05 per cent). This is 78 per cent of total FDI from India to the UK. Releasing the report in London, Indian High Commissioner to the UK Vikram Doraiswami said, “Our businesses reimagining the India-UK corridor will realise our shared vision and aspirations for a secure and sustainable future.”
IT and software on top
The analysis found that IT and software was the leading sector bringing in FDI from India in terms of number of companies and employees. Among other findings of the report is that new Indian students contributed an estimated £4.3 billion to UK universities overall, with UK student visas increasing by five per cent last year.
Latest Business News