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U.K. companies are in very international and very competitive markets. If you look at PC penetration in the U.K., it is very similar to the United States market.

American companies based in Scotland employ large numbers of people - in fact, we are the best performing part of the U.K., outside London and the southeast of England when it comes to attracting foreign direct investment.

While U.K. is one of India's most important trade and investment partners, India has become one of the largest investors in the U.K.

A good proportion of foreign nationals in jobs in the UK are in semi or low-skilled occupations.

If done correctly, strengthening our trade relationship with India will create jobs here in America.

There are 1600 German companies active in India, and some of them are more than 100 years old. Our companies value India as a location for manufacturing and as a market.

And our big theme has been, you have made so much progress, we urge you on with the openings and market openings that have occurred. They clearly work and continuing on that path will produce further growth and further opportunities for the Indian people.

To be sure, India has achieved enviable success in business services, like the glistening call centers in Bangalore and elsewhere. But in the global jousting for manufacturing jobs, India does not get its share.

I might have made more money if I had outsourced to India, and I knew I'd find it easier to hire senior managers in London. But I wanted to be in Stoke. What could be more satisfying than creating work for 3,000 people in my home town?

London is a fantastic creator of jobs - but many of these jobs are going to people who don't originate in this country.