India Becomes World’s 3rd Highest Tech Unicorns And Start-Ups Hub
The British Foreign Secretary has also confirmed that India is an emerging global leader on technology as well as it has the world’s 3rd highest tech unicorn hub.
James Cleverly, the British foreign secretary, is in India to attend the G20 conference of foreign ministers. In a statement, Cleverly said,
“India is a crucial companion for the United Kingdom, and the deeper relationships we are developing now will assist to grow the British economy and strengthen our industries in the future.
This groundbreaking migration plan will allow the sharpest and most talented individuals in both countries to take advantage of new opportunities.”
The British Home Secretary further stated,
“India is rapidly growing as a world leader in technology, and there are vast prospects for improved partnership between us in this field.
Thus, we will dispatch our first Tech Envoy to the Indo-Pacific area in order to maximize the technological competence of both nations.”
India, according to the British High Commission, has the third-highest number of tech unicorns and start-ups in the world.
India’s 108 start-ups achieved the unicorn status of a private entity with a valuation of more than $1 billion.
This announcement demonstrates the United Kingdom’s commitment to strengthening partnerships in India and throughout South Asia.
The British Home Secretary confirmed recently this week a new scheme that will allow young British and Indians to reside and work in each other’s countries for up to two years.
On a visit to IIT Delhi on Wednesday, Cleverly will inaugurate the Young Professionals Scheme, a partnership between the United Kingdom and India that grants 3,000 Brittishers and 3,000 Indians the opportunity to live and work for up to two years in the other country.
Cleverly will also deliver a speech at an India-Europe corporate meeting in the capital, where he will underline the United Kingdom’s commitment to negotiating a Free Trade Agreement with India.
With more connections than nearly any other country in the Indo-Pacific, the UK-India commercial relationship is already worth 3,386 Lakh Crore (£34 billion) and is expected to increase by 996 Lakh Crore (£10 billion) over the next year.
Also Read:- UK To Initiate India-Britain Young Professionals Exchange Scheme