Bangalore: With 17 new projects in 2001-02, India is the second biggest investor in the United Kingdom, in terms of projects, from Asia, according to British Deputy High Commission, Chennai.

Japan tops the list with 60 new projects, a release said.

Indian projects created 423 jobs in the UK this year.

Excluding Japan, India accounts for 25 per cent of the 128 new projects in the UK and 16 per cent of the 2,607 new jobs created from Asia.

More than 350 Indian firms have set up operation in the UK, of which 275 are from the ICT sector, including from Infosys, TCS and Wipro.

Recent successes include Kolkata's RPK Software Pvt Ltd and Noida's Amsys Infotech Pvt Ltd, it was stated.

Meanwhile, on the margins of Bangalore IT.COM 2002, InvestUK, the lead agency in the UK for inward investment, is organising a seminar on October 29.

It is designed to give Indian attendee firms an overview of Britain's software and IT services industry and to provide for a wide discussion on issues related to establishing offices in the UK, legal and tax issues, visas and work permits, among others, the release said.

PTI