20 Indian firms selected for London mayor’s business expansion scheme

LONDON: Twenty of India’s fastest growing companies have been selected to join London mayor Sadiq Khan’s India Emerging 20 (IE20) business programme, which will help them to set up or expand their operations in the British capital.

The winners were selected from regions across India and represent some of country’s most innovative, high growth businesses specialising in technology, life sciences and business services, it was announced on Friday.

The 20 firms were chosen from more than 300 applications for the programme launched by the mayor’s official promotional agency, London & Partners, to identify India’s most ambitious companies considering international expansion.

The selected companies will have an opportunity to benefit from discounted rates at a London office and tailored expert advice on marketing, access to finance and local market analysis, London & Partners announced in a statement.

Khan said: “London has strong cultural and economic ties with India, and Indian businesses make an important contribution to our city. Following my visit to India last year, I see lots of opportunities to strengthen investment between London and Indian cities. I am delighted that my India Emerging 20 programme is helping some of India’s fastest growing companies with their international growth and London remains open to investment and collaborations with India.”