UK has seen unprecedented growth in businesses in the areas of Fintech, Smart Cities tech and Emerging Technologies (IOT, AR/VR, AI/ML to name a few). India will be a key market in consuming these innovative technologies from the UK and providing quality and low-cost resource pool to set up operational capabilities. This will enable the scaling of the operations to capture global market into both developed and developing nations across the world. India is also recognised as a technology powerhouse. India is now the fastest growing economy in the world.
A number of funds are being developed to promote technology transfer between UK and India by leveraging the array of opportunities in bilateral trade between UK and India that will eventually surface in a post-Brexit scenario.
A growing Indian economy requires access to foreign capital and London’s status as the financial capital of the world means the UK has a major role to play in providing this. Since the launch of the first ever rupee –denominated bond by an Indian company in August 2016,there are currently 13 Indian rupee bonds listed at LSE which have raised about £600 million.