Karnataka among top 3 Indian states bringing in foreign direct investment into UK

News Network
June 8, 2024

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London: Maharashtra followed by Karnataka and Delhi are the top three states of India bringing in foreign direct investment (FDI) into the UK, according to a new joint report produced by the Confederation of Indian Industry (CII) and the High Commission of India in the UK.

Indian Assets: Charting the Journeys of Indian Companies in the UK, launched in London earlier this week, revealed that companies headquartered in Maharashtra brought in the highest amount of FDI into the UK at 20 per cent in 2023, followed by Karnataka (12 per cent) and Delhi (8.6 per cent).

Completing the top 10 tallies are the states of Gujarat (7.1 per cent), Tamil Nadu (6.7 per cent), Telangana (6.5 per cent), Uttar Pradesh (5.9 per cent), Haryana (4.5 per cent), West Bengal (3.14 per cent) and Kerala (3.05 per cent) -- making up 78 per cent of the total FDI from India into the UK.

“As India and the UK continue to evolve and navigate the complexities of a rapidly changing global landscape, I believe that our businesses reimagining the India-UK corridor will realise our shared vision and aspiration for a secure and sustainable future prosperity,” said  Vikram Doraiswami, the Indian High Commissioner to the UK, who launched the report in London.

The analysis finds the leading sector bringing in FDI from India in terms of the number of companies and employees is IT and software, highlighting the achievements of Indian companies in the UK across sectors such as automotive, electric car batteries, diagnostics and healthcare, and technology.

It also spotlights the positive impact Indian companies can have on heritage British brands and how the value of these legacy brands is retained and protected when acquired by Indian companies.

“Today, Indian companies with operations in the UK have integrated themselves into the British economy, making their mark in industries in almost all leading sectors. Their ability to adapt, innovate, and forge meaningful partnerships has not only propelled their growth but has also enriched the economy of the UK and its regions, promoting job creation, driving investment, and fostering a culture of diversity and inclusion,” said CII Director General Chandrajit Banerjee.

Among some of the other findings of the report, new Indian students cumulatively contributed an estimated GBP 4.3 billion (Rs 45,611 crore) to UK universities against the backdrop of a 5 per cent increase in UK student visas last year.

It also showcases the robust relationship that Indian companies have across different UK regions, with the West Midlands, London and the north-west being the top recipients of Indian FDI in the UK across the fields of automotive, software and IT services and energy.

According to the latest official data from the UK’s Department of Business and Trade, total trade in goods and services (exports plus imports) between the UK and India was GBP 39.0 billion (Rs 4.1 lakh crore) in the four quarters to the end of Q4 2023, an increase of 4.8 per cent or GBP 1.8 billion (Rs 19,093 crore) in current prices from the four quarters to the end of Q4 2022.

India was the UK’s 12th-largest trading partner and the second-largest source market for the UK, bringing in 118 new projects and creating 8,384 jobs.

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News Network
March 5,2025

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The number of Indian high-net-worth individuals (HNWIs), those having assets more than $10 million, rose 6 per cent last year to 85,698, according to Knight Frank.

Global property consultant Knight Frank on Wednesday released its 'The Wealth Report 2025', which estimated the HNWI population in India at 85,698 in 2024, as against 80,686 in the preceding year.

The number is expected to rise to 93,753 by 2028, reflecting India's expanding wealth landscape, the consultant said.

The increasing trend of HNIW population highlights the country's strong long-term economic growth, increasing investment opportunities, and evolving luxury market, positioning India as a key player in global wealth creation.

India's billionaire population has also seen a strong year-on-year growth in 2024.

"India is now home to 191 billionaires, of which 26 joined the ranks in just the last year, which was pegged at just 7 in 2019," the consultant said.

The combined wealth of Indian billionaires is estimated at $950 billion, ranking the country third globally, behind the US ($5.7 trillion) and Mainland China ($1.34 trillion).

"India's growing wealth underscores its economic resilience and long-term growth potential. The country is witnessing an unprecedented rise in high-net-worth individuals, driven by entrepreneurial dynamism, global integration, and emerging industries," Shishir Baijal, Chairman & Managing Director, Knight Frank India, said.

This expansion is not just in scale but also in the evolving investment preferences of India's elite, who are diversifying across asset classes, from real estate to global equities, he added.

"In the decade ahead, India's influence in global wealth creation will only strengthen," Baijal said.

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Media Release
February 28,2025

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ಫೆಬ್ರವರಿ 22 ನೇ ಶನಿವಾರ ಸಂಜೆ ದುಬೈ ಡೌನ್ ಟೌನ್ ನ ಪಂಚತಾರಾ ಹೋಟೆಲ್ ಪುಲ್ಲ್'ಮನ್ ನಲ್ಲಿ ಅಲ್ ಮಿರಾತ್ ರಿಯಲ್ ಎಸ್ಟೇಟ್ಸ್ 2025 ರ ವಾರ್ಷಿಕೋತ್ಸವವನ್ನು ವಿಜೃಂಭಣೆಯಿಂದ ಆಚರಿಸಿತು.

ಮುಖ್ಯ ಅತಿಥಿಯಾಗಿ ಮಾನ್ಯ ಅಬ್ದುಲ್ಲ ಅಹಮದ್ ಶಿಝಾವಿ (Chairman of Total Building Contracting) ಯವರು ಭಾಗವಹಿಸಿ ಕಾರ್ಯಕ್ರಮಕ್ಕೆ ಮೆರುಗು ನೀಡಿದರು. ಸಭೆಯನ್ನು ಉದ್ದೇಶಿಸಿ ಮಾತನಾಡಿದ ಅವರು ದುಬೈ ರಿಯಲ್ ಎಸ್ಟೇಟ್ ಕ್ಷೇತ್ರದಲ್ಲಿ ಮಿರಾತ್ ನ ಕೊಡುಗೆ ಪ್ರಶಂಶನೀಯ, ಸಂಸ್ಥೆಯು ಈ ಮಟ್ಟಕ್ಕೆ ಸಾಧನೆಗೈಯಲು ಮಾಲಕರ ಅನುಭವೀಯ ಮಾರ್ಗದರ್ಶನ ಹಾಗೂ ಉದ್ಯೋಗಿಗಳ ಟೀಂ ವರ್ಕ್ ಮೂಲ ಕಾರಣ ಎಂದರು. ಮುಂದಿನ ವರ್ಷಗಳಲ್ಲಿ ದುಬೈ ರಿಯಲ್ ಎಸ್ಟೇಟ್ ಕ್ಷೇತ್ರದಲ್ಲಿ ಮಿರಾತ್ ಉತ್ತಮ ಪ್ರಗತಿಯನ್ನು ಸಾಧಿಸಲಿ ಎಂದು ಶುಭ ಹಾರೈಸಿದರು.

ಕಾರ್ಯಕ್ರಮದಲ್ಲಿ ಅಬ್ದುಲ್ ರಹಿಮಾನ್ ರನ್ನು 2024 ರ BEST PERFORMER,  ಅಹಮದ್ ಕಬೀರ್ ರನ್ನು RISING STAR, ಅಶ್ರಫ್ ಅಹಮ್ಮದ್ ರನ್ನು EMPLOYEE OF THE YEAR ಹಾಗೂ ಮೊಹಮ್ಮದ್ ರಿಝ್ವಾನ್ ರನ್ನು OUTSTANDING FEEDBACK ಪ್ರಶಸ್ತಿಗಳನ್ನು ನೀಡಿ ಗೌರವಿಸಲಾಯಿತು.

ಮಿರಾತ್ ರಿಯಲ್ ಎಸ್ಟೇಟ್ ನ ಚೇರ್ಮನ್ ಶ್ರೀ ಸಾದಿಕ್ ಅಲಿ ಯವರು ಮಾತನಾಡಿ ರಿಯಲ್ ಎಸ್ಟೇಟ್ ನ ಹೂಡಿಕೆಗೆ ದುಬೈ ಅತ್ಯುತ್ತಮ ಮಾರುಕಟ್ಟೆಯಾಗಿದೆ. 2024 ರಲ್ಲಿನ ಆಸ್ತಿ ಖರೀದಿದಾರರಲ್ಲಿ 51% ಭಾರತೀಯರು ಮಾತ್ರವಲ್ಲ ಆ ವರ್ಷ 760 ಬಿಲಿಯನ್ ದಿರಾಮ್ ನ ದಾಖಲೆಯ ಪ್ರಾಪರ್ಟಿ ವಹಿವಾಟು ನಡೆದಿದೆ ಎಂಬ ಮಾಹಿತಿಯನ್ನು ನೀಡಿದರು. ನಮ್ಮ ಸಂಸ್ಥೆಯು ಉತ್ತಮ ಹಾಗೂ ಗುಣಮಟ್ಟದ ಸೇವೆಗೆ ಗ್ರಾಹಕರ ಪ್ರಶಂಸೆಗೆ ಪಾತ್ರವಾಗಿದೆ.

ಕಾರ್ಯಕ್ರಮದಲ್ಲಿ ಅತಿಥಿಗಳಾಗಿ ಮಾನ್ಯ ಮೊಹಮ್ಮದ್ ಅಬ್ದುಲ್ರಹೀಮ್ ಮೊಹಮ್ಮದ್ ಎ ಅಲಹಮ್ಮದ್, ಮಾನ್ಯ ಯಾಸರ್ ಅಬ್ದುಲ್ಲ ಅಬ್ದುಲ್ ಖಾದರ್ ರವರು ಭಾಗವಹಿಸಿದ್ದರು.

ಅಬ್ದುಲ್ಲಾ ಹಮ್ದಾನ್ ಸಂಸ್ಥೆಯ ವಾರ್ಷಿಕ ವರಧಿಯನ್ನು ಮಂಡಿಸಿದರು, ಅತಿಥಿಗಳ ಸ್ವಾಗತ ಹಾಗೂ ಧನ್ಯವಾದವನ್ನು ರಿಧಾನ್ ರಶೀದ್ ನೆರವೇರಿಸಿದರು. ರಿಝ್ವಾನ್ ಕಾರ್ಯಕೃಮ ನಿರೂಪಿಸಿದರು.

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News Network
March 1,2025

In a move to strengthen the presence of Kannada in industrial and consumer markets, the Karnataka government has made it mandatory for all products manufactured within the state to display their names and usage instructions in Kannada, alongside any other languages.

The directive was formalized through a government circular issued on February 15, extending the requirement to both public and private sector manufacturers, the report added.

Enforcement officers designated under the Kannada Language Comprehensive Development Act, 2022, have been tasked with monitoring compliance.

The government emphasized that language is a reflection of a region’s cultural identity and that Kannada must be actively integrated into production, marketing, and business activities for it to thrive. The circular reiterated that the Act, implemented from March 12, 2024, aims to enhance employment and business opportunities for Kannadigas while ensuring the widespread use of Kannada in daily life.

As per Section 17(7) of the Act, manufacturers selling products within Karnataka must, wherever possible, ensure that product names and instructions are printed in Kannada along with any other language if needed.

This directive comes at a time when debates over language policies are intensifying in Karnataka. Recent discussions around local job quotas and the prominence of Kannada in government and corporate sectors have added to the ongoing discourse on linguistic identity in the state.

On the occasion of Kannada Rajyotsava Day, Karnataka Chief Minister Siddaramaiah had announced that the state government would take steps to ensure Kannada language labels on products manufactured in Karnataka.

Speaking at an event honoring the 69 recipients of this year’s Rajyotsava awards, Siddaramaiah emphasized the importance of creating an environment that encourages the daily use and learning of Kannada.

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