UK flushed with FDIs

Posted on 2009-06-26
Defying the world economic downturn, the United Kingdom (UK) has maintained its position as the number one destination for foreign investors in Europe, and second in the world, India with 108 foreign direct investment (FDI) projects (up 44 per cent from last year) has not only replaced Japan as the largest Asian supplier of FDI projects in the UK but has leapt forward from seventh place last year to being the second largest source of investments overall in the UK this year, second only to the US, said the British Commission office. Over the last financial year (2008-09), FDI in the UK has risen by 11 per cent with 1,744 investment projects from 53 countries deciding to locate or expand in the UK and every day the UK attracts nearly 5 FDI projects. Every week 673 jobs are created.