India has emerged as the second after US in FDI projects into the UK as according to Inward Investment Results 2008-2009 released recently . The number of Indian FDI projects have gone up by 44 percent in the past year,replacing Japan's largest Asian supplier of FDI projects in the UK. Investments for South India are part of 108 projects from across India in 2008-2009. According to reports six Hyderabad based cimpanies have set up offices or business units. These are Dr Reddy's lab. Virinchi Technologies,Hemair Systems,Value Labs and IMI mobile.