'Touchdown London' service to help Indian cos
A dedicated scheme has been launched to provide Indian businesses subsidised space and support services.
By PTI |
LONDON: In a novel way to help Indian businesses set up offices here, 'Touchdown London', a dedicated start-up scheme, has been launched to provide them subsidised space and support services for the purpose.
The new service was announced at the 'Indian Business Reception' held last night at the Lords' hosted by 'Think London', which celebrates the importance of London and the UK's economic and cultural links with India, and city Mayor Ken Livingstone. The new service is launched in partnership with Avanta, a leading firm providing serviced office space.
Fresh from his "incredibly successful visit" to India, Livingstone said there was tremendous scope for building up the trade and cultural links between India and London.
"My visit to Delhi, Mumbai and Amritsar built on the already solid links that London has with India, which I am confident will only strengthen with time," he said.
"India is a rising economic superpower, with an annual growth rate of 9.2 per cent. With London currently positioned as one of the most pre-eminent business centres in the world, I hope that my recent visit demonstrated the benefits that London provides to Indian businesses looking to expand their headquarters in an increasingly competitive world."
As a sequel to his visit, as many as 15 businesses that attended the seminars during the Mayor's trip, have already expressed their interest in establishing a presence in London, an official said.
Asked to comment on his visit to the Mumbai slums, Ken Livingstone said "there was vibrancy everywhere."
Asked what impressed him the most during the visit, the Mayor said "my visit to Amritsar (Golden Temple)."
"Last year was a record year for Indian companies on the London Stock Exchange, raising almost triple the amount they did in 2005. Indian companies raised a total of 2.7 billion US dollars on AIM (Alternative Investment Market) and a further 200 million dollars on the Main Market and professional Securities Market in 2006," Charlton said.
He said during 2006/07, India accounted for 14 per cent of all FDI projects, up from 6 per cent over the same period in 2000/01.
In total there were over 10,000 Indian-owned businesses in London employing 49,000 people. Together, they generated a combined turnover of 14.4 billion dollars and represented 5 per cent of London's economy.
David Alberto, CEO of Avanta said: "India has one of the fastest growing economies in the world and it's important the London business community pulls together to welcome and encourage Indian businesses starting up in this country.
"By providing some free serviced office space initially, to help them find their feet and a guaranteed discount afterwards across our ten London locations, we are helping to facilitate their start-up process and enable them to focus on making their business a success."
The new service was announced at the 'Indian Business Reception' held last night at the Lords' hosted by 'Think London', which celebrates the importance of London and the UK's economic and cultural links with India, and city Mayor Ken Livingstone. The new service is launched in partnership with Avanta, a leading firm providing serviced office space.
Fresh from his "incredibly successful visit" to India, Livingstone said there was tremendous scope for building up the trade and cultural links between India and London.
"My visit to Delhi, Mumbai and Amritsar built on the already solid links that London has with India, which I am confident will only strengthen with time," he said.
"India is a rising economic superpower, with an annual growth rate of 9.2 per cent. With London currently positioned as one of the most pre-eminent business centres in the world, I hope that my recent visit demonstrated the benefits that London provides to Indian businesses looking to expand their headquarters in an increasingly competitive world."
As a sequel to his visit, as many as 15 businesses that attended the seminars during the Mayor's trip, have already expressed their interest in establishing a presence in London, an official said.
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Asked to comment on his visit to the Mumbai slums, Ken Livingstone said "there was vibrancy everywhere."
Asked what impressed him the most during the visit, the Mayor said "my visit to Amritsar (Golden Temple)."
"Last year was a record year for Indian companies on the London Stock Exchange, raising almost triple the amount they did in 2005. Indian companies raised a total of 2.7 billion US dollars on AIM (Alternative Investment Market) and a further 200 million dollars on the Main Market and professional Securities Market in 2006," Charlton said.
He said during 2006/07, India accounted for 14 per cent of all FDI projects, up from 6 per cent over the same period in 2000/01.
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In total there were over 10,000 Indian-owned businesses in London employing 49,000 people. Together, they generated a combined turnover of 14.4 billion dollars and represented 5 per cent of London's economy.
David Alberto, CEO of Avanta said: "India has one of the fastest growing economies in the world and it's important the London business community pulls together to welcome and encourage Indian businesses starting up in this country.
ADVERTISEMENT
"By providing some free serviced office space initially, to help them find their feet and a guaranteed discount afterwards across our ten London locations, we are helping to facilitate their start-up process and enable them to focus on making their business a success."
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