Deputy Mayor leads London trade mission to India

London’s Deputy Mayor for Business, Rajesh Agrawal will visit New Delhi and Bengaluru next week (March 13th – 16th) as he leads a trade mission to promote stronger trade and investment links with India.

Rajesh will be joined by 10 London tech companies including Electric Miles, Guider, OneID and Softools (full list below). The trade mission will provide opportunities for these companies to create business partnerships and explore investment and growth opportunities in India.

Delegates will meet with representatives from Indian tech companies including Wipro and HCLTech, as well as Indian industrial giant Tata. The Deputy Mayor will also meet Indian venture capitalists and investors with an interest in expanding to London. This is the first in-person trade mission run by the Mayor’s International Business Programme to India since 2019.

Indian companies continue to choose London as a top destination to expand their operations outside of India, with new data showing that London is the number one European city for Indian foreign direct investment.

The research revealed that in the past 10 years London has attracted 174 investment projects from India significantly more than any other European city and the likes of Singapore (150) and New York (53).

Over the past 10 years, investment from Indian companies has provided a major boost to London’s economy, with the data showing that Indian foreign direct investment has led to the creation of 7,853 additional jobs in the UK capital.

Rajesh Agrawal, London’s Deputy Mayor for Business said: “London and India have longstanding cultural and economic links and these latest figures offer further proof that business ties between our two regions continue to grow from strength-to-strength.

“Indian cities rightly look to London as the perfect launchpad to grow their business internationally. London and cities such as Mumbai and Bengaluru share mutual strengths in sectors such as finance, life sciences and technology – creating huge opportunities for business partnerships.

“As one of the world’s fastest growing economies, India is also a major market for ambitious London companies. I am delighted to be joined on my visit to India by some of London’s fastest growing businesses.”

By Mark Adair – Correspondent, Bdaily