Mumbai: After United States, India with 108 projects is the largest investor in United Kingdom in terms of number in 2008-09 as against 75 in the previous year.
"Investment from India increased across a range of sectors including IT, Life Sciences and advanced engineering sectors and was a mix of acquisitions and expansions," a UK Trade & Investment, UK government's international business development organisation, release said.
UKIT, however, did not mention the quantum of investment. HCL's euro 450 million buy of Axon, ONGC's more than euro one billion acquisition of Imperial Energy and Dr Reddy's purchase of a clinical trials unit were the prominent investments from Indian side in UK last fiscal.
Biocon established its European headquarters and GTL Europe opened four new offices in UK during the year, the release said.
India replaced Japan as the largest investor from Asia in 2008-09 from the seventh spot last fiscal.
The US, however, continued to top the list in FY'09 as well with 621 foreign direct investment projects flagging of base in UK. In 2007-08, it was 478.
Overall, recording an 11 per cent increase over the previous fiscal, UK had received 1,744 investment projects from 53 countries during FY'09.