Report highlights opportunities in India

India increased investment into the UK by 44% in 2008, becoming the largest source of investment after the US. Two thirds of Indian firms investing in the UK are in the software and technology fields. Minister for Trade, Investment and Business, Lord Davies, said: "It's been over a decade since outsourcing was the buzzword. Now, innovative Indian and UK firms are working together at the top end of the industrial spectrum. India's talent, confidence, energy and entrepreneurial spirit must be seen to be believed." The report, Business Opportunities in India for Technology Partnerships is part of UKTI's ICT strategy to help SMEs establish partnership programmes through networking. These will be given a kick start through UK-India seminars such as events organised with Silicon South West, South West Regional Development Agency and East of England International. According to UKTI, UK – India bilateral trade is worth £12.6billion with double digit growth in the last year. The UK's exports to India rose in 2008 to £5.9bn while imports in 2008 grew to £6.2bn. A copy of the report can be obtained by emailing ict@ukti.gsi.gov.uk