A lot of UK-based firms have taken advantage of foreign direct investment (FDI) in India's retail sector and people are quite optimistic about it, United Kingdom Trade and Investment (UKTI) said on Wednesday.
"Many companies in the UK have taken advantage of India permitting FDI in retail sector and Britain's footwear manufacturers were the first ones to benefit from FDI in single-brand single brand and now the multi-brand Tesco has shown interest in the country," UKTI Director General Kumar Aiyyer told reporters in Indore.
Answering a question, people are optimistic about India's Foreign Direct Investment (FDI) policy.
Aiyyar, who also doubles up as the UK Deputy High Commissioner for Western India is tipped to lead the 'Business is Great' campaign in Indore from January 15 to January 17.
It will encourage local industrialists to establish business relations with 28 UK-based companies associated the campaign.
Responding to a query, he said that UKTI supports dialogue between UK's telecom major Vodafone and the Government of India on pending tax-related issues.
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