Tvm: The United Kingdom, one of the most important and sophisticated markets for the Information and Communications Technology (ICT) sector in Europe, has immense opportunities for Indian IT Companies to set shop and do business there. This was the key takeaway from an interactive session on opportunities available in the UK for Indian ICT companies with the UKTI ICT sector specialist, Dave Gorshkov.
Dave Gorshkov has more than 25 years experience of developing and managing high technology businesses in the UK and overseas in the telecommunications, GIS, Defence, Security, Transport and Automotive markets.
The UK is the largest market in Europe for ICT, with some of the leading names in the global industry having significant operations in the country, investing about £ 17 Million per annum in technology. Central & Regional Government projects, Intelligent Transport System projects, G-Cloud – Green Data Centre and Smart Grid Installations, G2C services, logistics, Digital Britain and 21 Century Network (21CN) projects are some of the major ICT projects in the UK. The major market opportunities for ICT players in UK are Crowd Intelligence, Digital Signage, Integrated Home Entertainment, Technology for Financial & Health Business, Information Security, Next Gen Broadband access and Next Gen IT Platforms & Services.
UK is an open market with no restrictions on ownership and welcomes large and small foreign investors. The recent exchange rate changes have made the UK most cost effective as an FDI location and bridge to Europe.
P Jayakumar, CEO, Toonz; Binu Sankar, CEO, GTech; Deepak Sunny, Centre Head, Calpine and Maneesh M, MD, Elementz were some of the participants, who were mostly from Technopark and Infopark.
The session was organised by the British Deputy High Commission, Chennai in association with UK Trade & Investment (UK TI). UK TI is a Central Govt. Agency that helps International Companies establish and expand in the UK by offering business opportunities, trade advice and support.
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