The UK and India have agreed to an ambitious tech partnership that is expected to generate significant investment and support the creation of thousands of new jobs across the UK.
Under the Partnership agreed by the Prime Minister Theresa May and Indian Prime Minister Modi, the UK will establish a new UK-India Tech Partnership to identify and pair businesses, venture capital, universities and others to provide access routes to markets for British and Indian entrepreneurs and small and medium enterprises.
To build the network the Government will engage in-country experts to work with the British High Commission in New Delhi, the Indian Government and the private sector in order to increase tech investment, exports and research and development. Smaller regional teams will then look to link specific cities and regions in India and the UK.
The Partnership will encourage innovation and productivity by helping businesses in the UK and India collaborate on emerging technologies, develop mentoring relationships and exchange staff. The regional teams will also ensure the impact is felt across the breadth of both nations’ expansive tech sectors, and that successful approaches adopted in one region can be shared and adopted in others.
Initially the pilot will connect the UK with Pune in Maharashtra, focusing on the Future of Mobility, including low emission and autonomous vehicles, battery storage and vehicle light-weighting. Additional connections will be linked to Bangalore with a focus on augmented and virtual reality, advanced materials and AI. If it is as successful as expected, the Partnership can be scaled up to bring in more regions of the UK and India which share expertise in the relevant fields.
In parallel, the UK and India’s tech trade associations TechUK and NASSCOM will work together through a new UK-India Tech Alliance, bringing senior tech leaders together to collaborate, help develop policy and encourage innovation.