After three-and-a-half years, three prime ministers and seemingly endless votes in Parliament since the 2016 referendum, Britain finally became the first-ever country to leave the European Union.

In an interview with CNBC-TV18, Julie Chappell, MD-Business London and Partners, shared her reading and outlook on Brexit and its implications for India.

"Incoming investment into London has grown substantially year on year for us as an organisation. At London and Partners, we help Indian companies do business in London and we help London companies come to India. We have seen a massive increase this year from our interventions. Capital has never been higher in the UK, investment into London has gone up 87 percent year on year for general venture capital investment," Chappell said.

On India's contribution to investments in London, she said: "Investment from India into London has increased. We see India as a 'Brexit-proof' market. Indian companies are extremely positive and we have seen big increases in the last few years."

According to Chappel, the relationship between the UK and India is highly positive. There are 840 Indian companies in the UK and half of them are in London.

"The strongest sectors are fintech, Artificial Intelligence, deep tech and clean technology; a lot of VC investments are coming into those sectors. This year we saw a huge growth of VC investment into London, it went up from $5.2 billion to $9.7 billion and $2.8 billion of that came in from Asia," she added.

First Published:Feb 10, 2020 5:56 PM IST