The Nasscom has established the UK Technology Advisory Council (TAC) to act as a key industry advisory body to the High Commission of India in the UK. This council aims to provide strategic guidance on enhancing the technology partnership between India and the UK. It will focus on areas such as advancing tech security initiatives, promoting cross-border trade, investment, talent development, and improving ease of doing business to support the target of doubling bilateral trade and realizing Vision 2035 goals.
The primary objective of the TAC is to strengthen the India–UK Technology Corridor and position Indian technology firms as reliable partners in advancing the UK’s digital aspirations. Notably, the UK stands as the second-largest market for India’s technology industry, with India being the second-largest source of Foreign Direct Investment (FDI) into the UK.
Periasamy Kumaran, the High Commissioner of India to the UK, highlighted the crucial role of technological collaboration in shaping bilateral ties. He emphasized the commitment of the Indian IT industry to the UK market, emphasizing job creation, talent development, innovation, and economic contribution. In the era of AI leadership competition, trust-building and collaborative innovation are deemed essential for success.
The launch of the UK Technology Advisory Council coincided with the unveiling of a report revealing that major Indian technology companies support over 35,000 jobs in the UK. These companies, with a significant portion of their workforce located outside London, are actively contributing to the UK’s regional growth agenda by investing in local talent, creating high-value job opportunities, and enhancing digital capabilities across various regions.
Rajesh Nambiar, President of Nasscom, underlined the evolution of the India–UK technology partnership into a vital component of economic growth, innovation, and digital transformation for both countries. The establishment of the UK Technology Advisory Council provides a structured platform for collaboration between industry and government to address the opportunities and challenges in the future digital economy.
