Our record as a country of attracting inward investment
from all over the world has stood us in pretty good stead.
Many times, across the Dispatch Box, we have celebrated the
success of Jaguar Land Rover, which is, of course, a
recipient of Indian investment. It is important for
us to maintain that tradition. As the hon. Gentleman will
know, we are consulting on proposals to ensure the
appropriate assessment of any national security
considerations in respect of investment, but if we want to
prosper as a country, it is also important for us to engage
with the world and to attract investment from all over the
world.
Extract from Oral
answer (Lords) on Official Development
Assistance
My Lords, does the Minister agree with the committee’s
recommendation on the middle-income countries, and
whether they should be eligible for ODA? Are the
Government reconsidering those middle-income
countries—in particular, India, which has a substantial
minority of poor?
It does indeed. Of the 750 million people in extreme
poverty today in the world, 215 million —the greatest
proportion—are found in India as a middle-income
country. It is right that we work with countries
across a range of issues to ensure that we tackle
poverty. Of course, one of the DAC elements that we
commit to and achieve—as well as being one of the few
to achieve the 0.7% target—is the target to spend
0.15% to 0.2% in least developed countries. Again,
that is a record of which we should all be proud.
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