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UK biz groups keen to invest

Published: 18th August 2013 08:49 AM  |   Last Updated: 18th August 2013 08:49 AM   |  A+A-

Business groups of the United Kingdom (UK) are ready to invest in infrastructure development, waste management, low-cost housing in urban areas and villages, power and energy sector in the state, British South India Chamber of Commerce (BSICC) said here on Saturday.

“We have a great business potential between UK and Karnataka. The approval and clearance takes a minimum of six months. Like in Gujarat, we need an effective single-window clearance system, whereby the project can be cleared in a span of 30-40 days, so that investors are attracted,” Sujit S, Director, BSICC said.

He said the investments are likely to slow down in the region till the next general elections and the situation in Andhra Pradesh improves.

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