The UK has said that it is not interested in restricting outsourcing and would promote overseas investment in India.

"We are not interested in restricting outsourcing and there is no interest from our side to make it difficult for companies who operate here, we want to make it easier for companies to come to the market, set up their business and employ people," First Secretary and Head of UK Trade and Investment (North India) Paul Grey told reporters on the sidelines of a Ficci function in North India.

In recent times, there has been increasing criticism about outsourcing in many developed markets like the US and the UK, especially in the wake of huge job losses due to sluggish economic activities.

Promoting the UK as an investment destination, Grey said, "Indian IT companies are already promoting themselves very effectively, (offering) good quality, low cost (services) which is an excellent combination at the moment because we have our own challenges to reduce spending in the UK."