Trivandrum: Kerala and the City of London would collaborate to promote SMEs and start-ups in the Information Technology sector on either side. The announcement was made during a visit of the Kerala IT delegation, organized by the Group of Technology Companies (GTech), the industry body of IT companies in Kerala, with the support of the Government of Kerala, to London.
“London is an ideal hub for IT companies who are looking to expand in the European market, and we are keen to help exciting companies from Kerala to set up here and grow internationally. UK offers entrepreneur-friendly visas, a very competitive tax regime, and access to sources of finance and venture capital, as well as a thriving technology sector”, said Sunil Dwivedi, Head of India for London & Partners, the Mayor’s promotional company for London.
“This was the first time we led a delegation to the UK and the decision proved right with the quantity and the quality of meetings we had there. Several delegate companies have come back with ‘hot-prospects’ which they hope to convert into business in the next three to six months. UK is the second largest market for our SMEs, after the US,” said Binu Jacob, Convenor of GTech Global IT Connect.
The delegation held business meetings in London and Manchester and also participated as an exhibitor in CeBIT – Hannover in Germany, Europe’s largest technology expo. “Possibly with the Quantitative Easing by the ECB (European Central Bank), there is a notable improvement in the market sentiment and we will see significant improvement in project volumes from Europe,” Binu added.
Officials from the IT Department; Technopark, Trivandrum; Infopark, Kochi; GTech and top executives of 15 Kerala based IT companies, were part of the delegation.
The visit was the seventh in the series, organized as a part of the Global IT Connect, an initiative by GTech and the Government of Kerala, to promote the IT companies in the State in the global market.
Kerala Biz News