With an urge to attract more investment from Indian businesses, the Mayor of London wants to strengthen links with Indian businesses, opens the country’s tech hub of Bangalore to make it easier for Indian companies to get established or grow in London.
This has come out after Wipro announced a new office in London. Wipro’s latest London investment, its third in the UK capital, will add 13,000ft to its existing operation, which employs 1,800 people.
The mayor of London agency, London & Partners, has revealed that Indian businesses, mainly in the tech sector, have created 400 jobs in London this year.
Mayor Sadiq Khan is currently in Bangalore with tech businesses from London’s International Business Programme to try to increase trade between the two countries. The delegation was in Mumbai and Delhi earlier this week.
David Slater, Director of international trade and investment at London & Partners, stated, “Our decision to open a new office in Bangalore will help us reach key decision-makers in India and support our continued drive to help Indian businesses expand and internationalize in London.”
Slater said, “India is a market with a long history of trading links to the UK and London in particular.” Wipro’s expansion in the capital offers further proof that London remains an attractive destination for Indian businesses.
“UK’s decision to leave the EU has not diminished this. The fundamental strengths that have made London a leading global destination for Indian businesses have not changed following the EU referendum vote and London remains open to talent and investment from all over the world,” he added.
With the UK planning to negotiate a new trade deal with India when it leaves the EU, there could be an influx of Indian IT professionals to the UK as part of any agreement, and London would be the main destination for these workers.
Speaking in London recently, India’s high commissioner to the UK, YK Sinha, said, “Any future trade agreement between the UK and India – the world’s sixth-biggest economy – will require the UK to relax rules on the movement of Indian professionals to work in the country.”
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