According to the latest data available from the British Office of National Statistics, the value of the stock of UK Foreign Direct Investment in India more than doubled between 2004 and 2013, from £1.7 billion to £3.6 billion. However, there has been a notable decline since 2011, when the stock of FDI was £13.6 billion.
British Prime Minister David Cameron has visited India three times as PM, and put economic relations with India at the top of his agenda.
On his visit to India in 2015, British Secretary of State for Business, Innovation and Skills, Rt Hon Sajid Javid MP said to one of the largest gatherings of senior British and Indian industry players:
“The United Kingdom and India are unique, indispensable partners, contributing greatly to each other’s growth and prosperity. British companies are creating one in every 20 jobs in India’s organised private sector. We are in Indian Prime Minister Mr. Modi’s own words, an ‘unbeatable combination’.”
Now, a British technology start-up is helping reverse some of the negative trends in British investment into India, and it has “attracted quite a bit of attention”, according to the internationally respected Forbes.
RedGirraffe.com is the new British technology start-up operating in the real estate sector. It is a disruptive real-estate technology company set up to help landlords and tenants with the often painful process of finding the right counter party. It does this through a seamless interplay of a sophisticated, proprietary verification and matching technology, and clinical devotion to operational excellence.
To find out more about how a British success story is operating in India, visit RedGirraffe.com.
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