Financial Daily from THE HINDU group of publications
Wednesday, Nov 03, 2004

Cross Currency

Group Sites

Industry & Economy - Travel & Places

UK to increase visas, flights to India

Our Bureau

Bangalore , Nov. 2

ANTI-OUTSOURCING sentiments notwithstanding, the UK is intensifying its efforts to attract more IT professionals and investments into the country.

The British High Commissioner in India, Sir Michael Arthur, on Tuesday announced that Britain would increase visa issuance to India. "The multiple-entry visas are up by 30 per cent with 3,00,000 visas this year having been issued. This is more than double the number as compared to other countries. We plan to issue more multiple-entry visas to India," he told the media at the ongoing IT.Com here.

There will also be more flights to the UK from India, according to Sir Michael. The country plans to double the number of flights to India, which would also include direct services from Bangalore, Kochi and Hyderabad and additional flights from the four metros. Currently, there are 19 flights from India to the UK every week. If plans fructify then the sub-continent will have 40 flights operating from the UK by mid-2005. Interestingly, there are 4,00,000 visitors from the UK to India every year.

Inviting more Indian entrepreneurship and investments into the UK, Sir Michael positioned UK as the gateway to Europe. Advantages like the availability of a skilled workforce, developed and deregulated telecom infrastructure and conducive business environment and low tax rates make the UK an attractive investment destination.

"We invite more investments from India and our unique selling proposition is the accessibility to other European markets. If foreign investments to Europe are considered then 60 per cent of all Indian investment is channelised to the UK," informed Sir Michael.

According to the British High Commissioner, last year the UK had 811 new projects and of this India had invested in 28 projects, followed by China with 23 projects. "There is scope for more investments by India into the UK. We have seen increased investments (from India) over the last year. There has been an increase of 47 per cent," he said.

More Stories on : Travel & Places | Airlines | Karnataka

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Cement output, despatches up

VCD exhibition-cum-sale at Kochi
Subsidise urban compost plants, expert tells govts
Four Karnataka IT cos to finalise investment plan in Germany
Nasscom releases book
Kerala Supplyco posts Rs 70-crore loss
Power Ministry seeks 150 mt captive coal reserve for DVC
Compensation formula on a state-to-state basis — Accord reached on VAT package
Central Sales Tax regime to stay till 2005-06
Projects eligible under TUFS — Minimum economic size norm for spinners eased
UK to increase visas, flights to India
Star Plus jacks up advertising rates
Purdue University in talks with IIT Bombay, Manipal institutions
Hughes Escorts offers Direcway business courses in AP
GETEX to be held next year
AP gems and jewel park by next March
Academics urged to focus on geosciences
Hutchison consolidation among 57 FDI proposals cleared
Decline in anti-dumping measures: WTO
Top bankers `too busy' to attend meet; Hyderabad Collector irked
`New industrial policy to fetch more investments'
Beedi workers flay Centre's policies
Coir exports up Rs 38 cr in H1

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line