India became second biggest investor in London

Posted on:17 Mar 2016 12:39:15

India became second biggest investor in London
17 March 2016 Current Affairs GK: London & Partners, the official promotional company for London, on 15 March 2016 announced that India has emerged as the second biggest investor in London after the US.The company revealed that there has been a 117 per cent increase in Indian companies across all business sectors investing in London since 2005. Also, there has been a 133 per cent increase in tech companies investing in the city, which accounts for 46 per cent of all projects.Software testing service Cigniti Technologies and customer support company Kayako and many others invested majorly in technology sector.The figures were released at the inaugural India Emerging 20 (IE20) event that brought together leading entrepreneurs from India and Britain.The 20 Indian companies were selected to come to London to meet and interact with senior business leaders, venture capital investors and decision makers from major global companies. The winners come from a broad range of categories including life sciences, artificial intelligence, IT services, cyber security, sports tech, travel tech, ad tech, e-commerce and analytics.The IE20 offers an opportunity for companies to test themselves against the best and win recognition on the international stage. The benefits include opportunities to meet and network with peers, industry experts and investors, which offers the opportunity to maximise a company’s global potential

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