Business and UK Capital Investment will be high on the agenda during the UK visit of Pratibha Patil, India’s first female president.
Foreign direct investment in London in 2007 jumped to £52 billion from £38 billion two years previously, according to direct investment agency Think London.
It reported that India accounted for 16 per cent of all new foreign capital investment into the capital between 2003 and 2007, just over half the 31 per cent from the US.
And as India’s standing in the international community continues to growing, Britain sees it as an important ally on a number of issues.
It is also critical to a number of the UK's interests and objectives, from counter-terrorism and tackling climate change to reforming international financial systems.
The growing ties between the two countries has been welcomed by Kiran Karnik, President of Nasscom, the sub-continent’s premier IT-business process outsourcing (BPO) trade body.
He said: "The growth of the Indian IT industry is built on key partnerships with the world's strongest markets, namely the UK and the US
"The active involvement of the Indian community and its contribution to the UK economy, particularly in the IT domain, is an important fact in the creation of the strong business relationship between our two countries.
UK Capital Investments News, October 2009
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