Business Economy


UK companies deepen India presence on the back of FTA

New Delhi, Dec 10 (UNI) The presence of UK companies in India has entered a stronger growth phase, with British firms expanding their footprint across industries, creating jobs and contributing to India’s economic momentum.
The latest Britain Meets India 2025 report, released by Grant Thornton Bharat in partnership with the Confederation of Indian Industry (CII), highlights a sharp rise in the number of UK-owned and controlled companies operating in India, underlining a renewed sense of confidence in the bilateral partnership.
The report shows that UK firms are increasingly active across business services, industrial products, financial services, technology, energy and natural resources.
A special group of high-performing companies—identified based on revenue growth and regulatory filings—has recorded strong expansion, signalling rising demand and greater participation in India’s fast-growing sectors.
Maharashtra and Delhi NCR continue to emerge as strong investment destinations, attracting a majority of these high-growth firms.
According to Grant Thornton Bharat’s India–UK corridor leadership, the partnership is entering a pivotal stage marked by innovation-led growth and deeper sectoral cooperation.
The newly concluded India–UK Free Trade Agreement is expected to significantly expand opportunities in areas such as advanced manufacturing, clean energy, digital commerce and emerging technologies.
The agreement is also seen as a catalyst for removing bottlenecks and improving ease of doing business for UK companies operating in India.
A notable trend in this year’s study is the strong role of micro, small and medium enterprises. More than half of all UK companies in India fall within the MSME category under the revised 2025 definition.
These enterprises contribute meaningfully to sectors such as industrial products, energy, media and telecom, business services and technology.
CII Director General Chandrajit Banerjee emphasised that deeper collaboration between India and the UK is crucial at a time of global economic uncertainty and shifting geopolitical conditions.
He believes the Free Trade Agreement will help both countries build globally competitive hubs in AI, fintech, critical minerals, aerospace, defence and biotechnology. Harmonised regulatory frameworks, especially in healthcare and digital technologies, are expected to lower compliance burdens and unlock greater participation from MSMEs across both countries.
The report also highlights India’s growing strength as a global centre for advanced digital capabilities. More than 90 UK-headquartered companies now operate Global Capability Centres (GCCs) in India.
These centres employ over 100,000 professionals and work on high-value functions such as AI development, cybersecurity, data engineering, automation and digital product innovation. This trend underscores India’s increasing importance in the global innovation supply chain.
High-growth companies across clean energy, speciality chemicals, technology, insurance and advanced materials have also shown exceptional performance.
Several firms have recorded triple-digit growth, reflecting the strong opportunities available in India’s domestic market. Vedanta continues to anchor the UK corporate presence in India, remaining the largest UK-headquartered company in the country both by revenue and employment.
Climate finance and sustainability have also emerged as major pillars of the partnership. British International Investment continues to maintain a substantial climate-focused portfolio in India, supporting sectors like renewable energy, mobility, sustainable agriculture and green infrastructure.
Large British multinationals operating in India are also increasingly integrating environmental and social responsibility goals into their business strategies, aligning with global ESG norms.
UNI SAS KK
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