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Mumbai, June 20 (PTI) 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 told PTI here. The IDA is an Irish Government agency for facilitating inward investment into the country and Ireland is giving India a special focus, she said. 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. Amongst the IT companies, TCS, Patni Computer and HCL have a presence in Ireland while amongst pharma companies, Wockhardt and Ranbaxy have invested there. From other sectors, GTL and Crompton Greaves have a healthy presence in the European nation. "Now Ireland is laying out the red carpet for Indian financial services companies. A lot of Indian AMCs have evinced a strong interest in having a presence in Ireland," Batra said.
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