Indian companies are second only to US firms in the number of projects being executed in London, which is the biggest destination for foreign direct investment among European cities.
According to Think London, a UK based semi government agency engaged in promoting the city as an investment destination, the number of projects executed by Indian companies have increased ten fold in the past 10 years.
"We are working with 19 Indian projects, which have a gross value addition of 22 million pounds and have created 170 jobs. But the actual number of Indian projects is much more," said Michael Charlton, chief executive, Think London.
According to Charlton, the majority of the projects are in the technology space, followed by financial business and creative fields which includes animation. "As much as 36 per cent of Indian investments in Europe is directed to London".
In a survey released on Tuesday by Think London, 61 per cent of Indian and US companies having operations in the city said that the return on investments and revenue growth was the highest for operations based in London than anywhere any