With over 40 companies, the British delegation to the GIM has more than doubled in the second edition, said British Deputy High Commissioner Jeremy Pilmore-Bedford.

Jeremy Pilmore Bedford

Chennai:

Since 2000, the UK has invested over $26 billion in India. In the last five years, UK firms have reinvested over 4.5 billion pounds of their profits back into their Indian businesses.

 

Bedford told newspersons that companies like HSBC, Shell, Westminster Diagnostics and EY were representative of the wide range of British investments and businesses in the state.

 

“The UK is the fourth largest investor in India and last year, around 28 per cent of that investment came into Tamil Nadu. UK companies in the state have collectively created around 55,000 jobs in Chennai alone,” he added.

Crispin Simon, Trade Commissioner for South Asia, added that the country was working with TN-based investors such as TVS Logistics, TVS Motors, Intellect Design, Saksoft and Strides Shasun.

 

“Companies like these have invested more than 100 million pounds into the UK, while we have helped Indian firms create 180 million pounds capex and over 1,200 jobs in the UK in the last 3 years, just from Tamil Nadu.”