New Delhi, Jan. 27 -- Over 95 per cent of EU businesses in India plan to expand their operations in India in the next five years, according to a survey conducted by the Federation of European Business in India (FEBI).

The EU businesses cited domestic sales and latent market demand as the main reasons for their expansion intention.

The amounts being earmarked for investment in India are significant at the company level, the survey revealed.

Around 35 per cent of EU companies intend to invest Euro 50 million or more each in the next five years, suggesting a broad base of intended investments rather than a few large companies.

India is becoming increasingly important to European businesses.

90 per cent of EU businesses see India as bein...