New analysis from the EY Attractiveness Survey 2026 indicates substantial potential for Indian investment in Scotland. The report highlights Scotland's strong talent base and world-class universities as key assets for attracting projects from India, the world's sixth largest economy.
John Swinney emphasised Scotland's unique position to collaborate with Indian businesses, fostering two-way trade opportunities. He pledged to work with sector leaders to promote Scotland's talent, universities, and industries.
“"India's businesses are investing in Europe on a huge scale and as this new EY report confirms, Scotland can provide a home for some of that investment. Our strengths - particularly in technology, financial services and clean energy – make us uniquely placed to match India’s priorities."
The First Minister noted that Scotland continues to be the UK's top destination for foreign direct investment outside London, with one in three global companies considering Scotland for investment. While historically, foreign direct investment from India has been lower, independent analysis suggests the trading partnership could be worth over £3 billion annually by 2030. Swinney is in India to advocate for Scottish people, institutions, and sectors, aiming to drive jobs and growth.
“"India has firmly established itself as one of the UK’s most important sources of foreign direct investment, now attracting almost one in every two Indian investment projects coming into Europe – a position unmatched by any other European economy. For Scotland, that presents a significant opportunity."
Sue Dawe, EY Scotland Managing Partner, commented on India's significant role in foreign direct investment and the opportunity this presents for Scotland. She suggested a targeted approach to high-growth markets like India could unlock new investment, jobs, and knowledge exchange, building on Scotland's strong track record in attracting international investment.
Background information indicates that for the eleventh consecutive year, Scotland leads the UK in foreign direct investment outside London and the South East, ranking eighth in Europe. Edinburgh and Glasgow are among the UK's top four cities for investment. In 2025, Scotland secured 108 investment projects, with one from India in the software sector, despite strong alignment between Scottish strengths and Indian investment priorities.
