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India offers host of business opportunities for UK investors: Ravi Shankar Prasad

11 Jul 2018 Evaluate

Highlighting promising future with India’s growing digital economy, large size of the market, demographic dividend and passion for technology, IT Minister Ravi Shankar Prasad has said that the country offers host of business opportunities for UK investors, especially in the digital arena.

The minister further noted that the country’s digital economy also spawn opportunities in emerging areas like Artificial Intelligence and Internet of Things, start-up movement and low-cost cyber security solutions. He also mentioned that ‘While we work out the details, no one doubts the potential to make India’s digital economy worth $1 trillion, employing 5-7 million people in the next 5-7 years.'

The Minister also listed opportunities existed in areas like 'green innovation' and digital networks that are secure. Besides, he said that India and the UK share a ‘modern partnership’ cemented by strong historical ties and education and science & technology are amongst the notable areas of bilateral relationship.

India is the third largest investor in the UK and emerged as the second largest international job creator with Indian companies having created over 110,000 jobs in the UK in recent months, while The United Kingdom is also the fourth largest investor in India.

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