Home > News > Uk News

London mayor invites Indian tech firms to invest

Posted on Nov 28, 06:11PM | IANS

The mayor of London, Boris Johnson Wednesday invited Indian technology companies to invest in London, saying it was emerging as the city of choice for international investors.

Johnson, who is leading a business delegation on a six-day visit to India, met leading Indian technology entrepreneurs here to highlight the opportunities London offers.

He attended a business reception hosted by Infotech Enterprises, with representatives from about 20 leading technology firms.

Two IT firms announced they would open their European headquarters in London.

Nazara, a mobile games developer and publisher, and SmartPlay Technologies, India's second largest semi-conductor design services company, would open offices in London before the end of the year.

Combined, the two companies would initially employ 40 staff and would hire another 125 employees over the next three years in the UK, said a statement from the mayor's office.

"London is a powerhouse for entrepreneurial technology firms, which play a crucial role in driving jobs and economic growth in the capital. This commitment from Nazara and SmartPlay is yet another example of the confidence international firms have in the city, and India's burgeoning technology and computing sectors could benefit greatly from following their lead," said Johnson.

"London is in the right time zone and speaks the right language for global business. The city is home to a talented and dynamic workforce, which is precisely why it is emerging as the city of choice for international investors," he added.

The technology and computing market in London already employs 100,000 people, with 19,000 students in the city signing up for information and communication technology courses each year in a market worth 115 billion pounds to the UK.

With 24,000 IT companies already based in London, the city is home to significantly more tech firms than any other European city.