News & Events

LONDON: Indian companies have become the second biggest job creators in London in 2015.

 

Latest data released by London and Partners on Tuesday showed that Indian companies have already created 504 new jobs this year in London alone - second only to the Americans who created 1983 jobs.

 

China which is investing heavily in UK created only 277 jobs so far this year.

 

 

The number of jobs being created by Indian companies for Londoners has been increasing with every passing year. In 2012, India created 404 jobs in London followed by 429 in 2013 and 438 in 2014.

 

More foreign companies - driven by a surge in tech start-ups - are expanding or setting up headquarters in London than ever before. A record 270 companies, creating nearly 5,000 jobs, have set up or grown significantly in the last year, according to the Mayor′s business and promotional company.

 

As far as new companies are concerned, 28 new Indian companies set up shop in London in 2015 - four higher than the Chinese and second only to America. Global giants like Pfizer, Greenland Group and Tata Elxsi have all expanded or created new headquarters in London.

 

A decade ago just 26 tech companies came to London but last financial year there were a record 108. London and Partners said, "Companies from India, China, Japan, Australia, Spain and France are also key investors, creating many jobs in tech, financial and business services and the life science industry."

 

 

 

 

Gordon Innes, CEO of London and Partners, said, "Over the last decade foreign investment in London has gone through the roof and the tech sector is now leading the way."