More UK companies will set up operations in Sri City, says British Deputy High Commissioner
The Hindu
British Deputy High Commissioner tours "fantastic" Sri City in Tirupati. 8 British companies operate in diverse sectors, with more expected to join soon. Mr. Owen inaugurated a 350 KVA roof-top solar power plant and interacted with CEOs of units. He expressed confidence in Sri City's success and strong ties between India and UK.
Gareth Wynn Owen, British Deputy High Commissioner (Andhra Pradesh and Telangana), toured Sri City in Tirupati district on Tuesday. Amazed at the growth of the industrial area over the last 15 years, he called it the “fantastic Sri City”.
Sri City founder and managing director Ravindra Sannareddy told Mr. Owen that the Industrial city remains the top choice for investors from the United Kingdom.
“India and the United Kingdom share a modern partnership bound by strong historical ties. For the UK, India is a priority market, and it stands as the sixth largest investor in India, accounting for 5.3% of all foreign direct investments,” Mr. Owen said.
Mr. Owen also recalled that Sri City alone was home to eight renowned British companies operating in diverse sectors.
Mr. Owen expressed delight in knowing about the involvement of British companies in the successful journey of the “fantastic Sri City”. He expressed confidence that more UK companies would set up operations here soon.
He visited the production unit of Bergen Pipes Support, where he inaugurated a 350 KVA roof-top solar power plant, which has a capacity to generate over 4.8 lakh units of electricity per year. He also visited Rotolok, MMD, MSR Garments and Cadbury, interacted with the CEOs of those units.
Varun Mali, Head of Mission and Head of Trade & Investment, accompanied Mr. Owen in his tour.
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