Encouraging investments between entrepreneurs of two nations:

Image
Press Trust of India Chennai
Last Updated : May 15 2018 | 5:15 PM IST

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

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: May 15 2018 | 5:15 PM IST

Next Story