The United Kingdom is planning to set up tech hubs in India to promote bilateral investments and nurture tie-ups with Indian companies, the British envoy to India said.
“What we wanted to do is expand the knowledge of potential partners — investors or exporters and that is why we will be shortly establishing tech hubs across the country,” British High Commissioner to India, Sir Dominic Asquith said.
The technology hubs would be set up in New Delhi, Mumbai, Bengaluru and Hyderabad, he stated.
The hubs would look at the strengths and interests of the technology industry in both the UK and India and areas in which the companies in both countries can converge. The UK High Commission is also planning to host a roadshow to boost trade exports.
Emphasising the importance of trade, the high commissioner said India was the second-largest market for the UK and the two-way trade was just over USD 20 billion. “Trade has been growing very consistently over the last nine quarters and it is on track,” he added.
Asquith said the event would alert UK companies about various opportunities in India and help them overcome some of the preconceptions they may have.