British Deputy Premier Opens Tech Hub In Bangalore

Thursday, 28 August 2014, 10:50 Hrs
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BANGALORE: Visiting British Deputy Prime Minister Nick Clegg unveiled a new tech hub and a joint business centre in this tech city to facilitate Indo-British businesses to share expertise and boost trade between the two countries.

"India is at a major crossroads in its economic destiny, and Bangalore is a shining example of how technological expertise can be harnessed to create a powerhouse for growth," Clegg said on the occasion.

Lauding the technical prowess of Bangalore, Clegg said the city was among the top 10 preferred destinations for entrepreneurs globally and home to more start-ups than any other city in the Indian sub-continent.

"What I see in Bangalore is that India's prowess in aerospace and hi-tech is growing fast. This is a fertile ground for British and Indian firms to do business, as evident from the deals by our firms to set up their shop here," Clegg asserted.

The tech hub aims to grow 1,000 start-ups in the next three years and link them with British firms in Britain, while the business centre, second in the country after the first such centre was set up in New Delhi, will provide support to British businesses expanding their operations in India.

Clegg also inaugurated the India base of the leading British manufacturer of machines Group Rhodes' here, with prospects of creating 50-60 jobs at Wakefield in West Yorkshire in Britain and an additional 60 jobs in Bangalore in research and development, engineering, design and supply chain management.

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Source: IANS

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