Nearly 500 new jobs are set to be created in the East Midlands following a raft of new deals secured by the Prime Minister during his visit to India this week.
Indian investors have confirmed their confidence in the East Midlands as a business destination by collectively investing into some of Britain’s most thriving businesses.
This includes digital transformation company Delaplex, which plans to invest up to £5 million over the next three years in the UK, creating 100 new jobs in the East Midlands, and company Carysil, which specialises in building luxury kitchens, investing £24 million across the UK, creating 43 jobs in the region.
Business and Trade Secretary Peter Kyle said: “India is now the fourth-biggest economy in the world, and by investing billions of pounds to back thousands of jobs from sectors as diverse as AI, education, and financial services shows the scale of opportunity this presents for businesses in the East Midlands.
“Their success in India will only grow as our new trade deal galvanises economic partnership, brings our two countries even closer together, and ultimately delivers economic growth right across the East Midlands.”
Elsewhere financial services firm Muthoot Finance will invest £100 million to expand its branch network to 20 locations across the UK, creating 20 new jobs in the East Midlands.
India is already the UK’s second largest investor and more than 1,000 Indian companies operate in the UK, supporting millions of UK jobs.
