The United Kingdom was pushing for more investments in India, connecting entrepreneurs from both the countries, a senior UK diplomat said here today.
"We are trying to encourage investment rather than focusing on individual big deals," British Deputy High Commissioner, Bharat Joshi told reporters.
He was responding to a query on the impact of Walmart's acquisition of online retailer Flipkart for USD 16 billion last week.
Elaborating, he said, "to be honest, all those big deals do not require involvement of government participation. They happen between businesses."
On employment generation by Indian companies in the UK, he said, "5,500 jobs were created in the United Kingdom by Indian companies and one in 20 jobs in the formal sector was created by a UK company in India."
To a query on the outlook for current year, he said, "we will be doing a lot more in health care. I think, we will be seeing a lot more investments coming in digital healthcare, services in the Indian market."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
