HCL's Shiv Nadar gets top British investment award

The award was presented here on Thursday evening by Britain's Minister for Trade Investment and Business Lord Mervyn Davies. Britain's High Commissioner in India Sir Richard Stagg was also present.

The other winners included: Young Business Leader of the Year - Glenn Saldanha, MD and CEO Glenmark Pharmaceuticals; Investor of the Year - Firstsource Solutions; Business Partnership of the Year - Dar Consultants (involved in making the Bandra-Worli Sea Link in Mumbai); New Market Entrant of the Year (India into UK) - IMI Mobile; New Market Entrant of the Year (UK into India) - Pavers Foresight Smart Ventures; Green Innovation Award of the Year - Regenatec; Corporate Social Responsibility Award of the Year - Tata Steel.

A spokesperson for the British Deputy High Commission in Mumbai said Britain's  bilateral trade with India was worth over 12 billion pounds and had seen double-digit growth last year.

Britain is the biggest European investor in India while India is the biggest Asian investor in the country with over 600 Indian firms represented, including about 70 percent in the IT and software sector.

Last year, Britain’s exports to India were up almost 30 percent to 5.9 billion pounds and imports were up 17 percent to 6.2 billion pounds. Indian investments helped create almost 4,000 new jobs in Britain.