Photo Credit: Martin Hoscik
Looking at gloomy post-Brexit economic predictions it’s clear the UK needs to start attracting more businesses from the wider world. And what better territory than India, the third largest investor in the capital, having 20 of its most ambitious companies recognised by Sadiq Khan, the mayor of London, for expansion into the Big Smoke.
As part of the India Emerging 20 (IE20) programme, winners in life sciences, business services and technology sectors were selected out of 300 applicants across the country. They’ll have the chance to set up shop in the capital by London & Partners, Khan’s promotional agency, in collaboration with BDO, the business advisory firm, and Lalit Hotels, the Indian resort company. To kick-start the companies’ metropolitan successes, perks include discounts on London offices, expert advice on marketing and access to funding.
Khan is certainly no stranger to strengthening business ties in India after he flew to the country in December to announce an array of investment deals, inclusive of 400 technology jobs for the capital as well as the opening of an office in Bengaluru for London & Partners to support local companies.
Commenting on the winners, which include everything from music-based education to wearables, Khan said: “London has strong cultural and economic ties with India, and Indian businesses make an important contribution to our city. Following my visit to India last year, I see lots of opportunities to strengthen investment between London and Indian cities.
“London is a truly global business centre and presents lots of opportunities for Indian companies looking to expand their business overseas. I am delighted that my India Emerging 20 programme is helping some of India’s fastest growing companies with their international growth and London remains open to investment, talent and collaborations with India.”
As the gears of international expansion turn between the UK and India, it’s inspiring to see that opportunities remain as Britain draws closers to leaving the EU.