UK gained 16 billion pounds through outsourcing
New Delhi: The Confederation of British Industries, Britain's apex industry chamber, has said that the UK's economy gained 16 billion pounds through off-shoring in 2004.

According to the CBI, more British companies will outsource work to India for skills that are in short supply in UK. The CBI said that for cheap manufacturing, British companies would go to China while for high-end manufacturing and services, India would be their destination.

"If in 21st century the relationship between India and UK can mean anything, it is ICT (information and communication technology)," Digby Jones, Director, CBI, said. He said the British economy was in favour of outsourcing as it frees up people in the UK, who can then concentrate on high-end work.

So far 480 Indian companies have invested in the UK and about 350 of them were IT companies. "The Indian companies that have invested in UK have seen stupendous growth," said Jones.

The director-general said trade between India and UK was expanding fast and would get a massive boost with the successful completion of Doha Round of negotiations at World Trade Organisation in December this year. India-UK trade in 2003 stood at six billion pound sterling.
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