Indian IT giant Tech Mahindra and the University of Salford are set to forge closer ties following the signing of a memorandum of understanding at today’s Manchester-India Business Summit.
More than 50 influential companies and key government figures from the UK and India are due to take part in the summit at Hotel Football opposite Old Trafford stadium. Organisers hope the event will serve to encourage more bilateral trade and celebrate strengthened relationships between the two regions.
Tech Mahindra formerly opened its new ‘headquarters for the North’ in Salford Quays at the start of April in a move that will create 60 new jobs in Greater Manchester.
It now plans to collaborate with the University of Salford on “tech transformation projects leveraging digital technologies, creating connected experiences for smart cities using automation, IoT, big data and analytics, as well as research into virtual reality and augmented reality and autonomous cars”.
The summit has been organised by the Manchester India Partnership (MIP) and is due to be attended by other leading Indian companies, including Manchester-based Indian-owned bike manufacturer Hero Cycles and carrier Jet Airways. The latter is preparing to launch a direct Manchester-Mumbai route this autumn.
“Significant Manchester-India investments”, Andrew Cowan, MIP chairman.
Andrew Cowan, chief executive of Manchester Airport and chairman of MIP, hailed the “significant Manchester-India investments” that have taken place since the group was formed earlier this year.
Jo Ahmed, a partner at Deloitte, which is a member of MIP, said: “Greater Manchester is the second largest digital hub in the UK, and the city has a world-leading reputation as a place of creativity and innovation. The launch of the Manchester India Partnership has already generated impressive achievements, including the direct Manchester-Mumbai flight, and an influx of investment from knowledge-led Indian firms.
“India’s ambitions to become a leading hub for AI, backed by its vast engineering workforce and burgeoning start-up scene, is leading the boom in India’s tech industry. With this impressive potential and growing connectivity, it is vital we continue to showcase the synergies between Manchester and India.”
Other summit attendees will include Andy Burnham, Mayor of Greater Manchester; Manish Singh, Minister (Economic), High Commission of India; and Crispin Simon, British Deputy High Commissioner for West of India and Director General, Department for International Trade, India.
Panel sessions exploring the power of cities in building international trade, the power of trade and investment and connecting UK and India clusters will feature representatives from a variety of organisations including the Cartwright Group, Informed Solutions, 42Gears, Jet Airways, The Hut Group, Deloitte, The Landing, the Confederation of Indian Industry and Tech Mahindra.
Crispin Simon, British Deputy High Commissioner for West of India and Director General, Department for International Trade, India, said: “Greater Manchester’s global reputation as an innovator in technology, life sciences, its expertise in the field of engineering and being home to a sizeable Indian diaspora – are some of the qualities that make the city region such an attractive destination for investors, students and tourists. And India can offer Greater Manchester a large and high-growth market with a deep pool of skills and technology. There is so much untapped potential in so many important relationships.”
Tim Newns, chief executive of MIDAS, Manchester’s inward investment agency, added: “India continues to be central to Greater Manchester’s Internationalisation Strategy and the cosmopolitan city region is a great place for Indian companies to get a foothold in the UK market, with Indian companies having created almost 300 jobs here in recent years.”