British Prime Minister Boris Johnson is on his first two-day visit to India after being elected to the post. During his visit, the British Prime Minister announced a deal worth £1 billion that would create 11,000 jobs for Indians across the UK, the country’s High Commission said on Thursday.
,UK and Indian business The UK High Commission said in a statement it will confirm more than £1 billion in new investment and export deals today in sectors ranging from software engineering to health, creating around 11,000 jobs across the UK.
“As I arrive in India today, I see the great potential of what our two great countries can achieve together. From next-generation 5G telecom and AI to new partnerships in health research and renewable energy- The UK and India are the world leaders. johnson was quoted as saying.
“Our powerhouse partnership is providing jobs, growth and opportunities for our people, and it will only go from strength to strength in the years to come,” he said.
Companies that will hire employees as part of the UK-India commercial deal (as per UK High Commission statement)
Switch Dynamics: The firm will set up an R&D center in the UK this summer, which is part of the companies £300m investment and plans to employ more than 1,000 highly skilled jobs across the UK and India.
Mastek: Investment of around £79m to expand its UK operations, creating 1,600 jobs in the UK
First Source: Investment to set up ‘Hub and Spoke’ offices across the UK, creating 1000 UK jobs
Tech Mahindra: Plans to spur AI development with target to create 1,000 jobs in UK
Emphasis: £5m investment to set up a new office in the north of England, creating around 700 high-skill jobs
Prodapt: The £100 million investment expands software and technology services operations in the UK, creating around 500 jobs.
Bharat Forge – Teva Motors: £50m to expand into a new site for electric truck manufacturing in the UK, will create 500 UK jobs
Jupiter Lifeline Hospitals Limited: Establishment of a state-of-the-art Neuro Rehabilitation Center for patients in the UK, creating 500 jobs with an investment of around £50 million.
TVS Motors: An investment of around £100 in the iconic British brand Norton Motorcycles. This is expected to create 250-300 direct jobs and another 500-800 indirect jobs in the supply chain in the next 3 years.
In addition, companies such as Byju’s have selected the UK as their first global innovation hub, creating 55 jobs with an investment of £15m. Tata Chemicals has announced a £20m investment to expand its UK operations, creating 30 jobs. Apollo Tires has committed a £5m investment to open a digital innovation hub in the UK, which will create 25 jobs. Microlabs, an Indian pharmaceuticals company, is investing £10m to expand into the UK. Other companies investing in the UK include LTI, TVS Supply Chain Solutions, Leverage Edu, Gokey, PropertyShares, Zelpmok, HyperExchange, Lepton Software, Gaiam Motor Works, Sears, Manrus Technologies, Forest Essentials, start-ups Voyager and Kur . AI Technologies.
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