India Inc may invest $100-mn in Ireland

India Inc is expected to invest around USD 100 million in Ireland,which is increasingly being recognised as an attractive investment destination by Indian companies,in next 18 months.

“I expect around USD 100 million of investment by Indian companies in Ireland over the next 18-months. These will mainly be in the IT,ITeS and financial services sectors,” Director India,IDA Ireland Minakshi Batra said.

The IDA is an Irish Government agency for facilitating inward investment into the country and Ireland is giving India a special focus,she said.

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In 2008 (figures of which are available presently),Ireland was the number three recipient of Indian investment in Europe at Euro 29-million,she said.

So far,Indian IT,ITeS and pharma companies have invested substantially in Ireland,she said.