Growing interest in Cambridge from India-based companies looking to expand into the UK, has been discussed by the Department for International Trade’s (DIT) Head of Investment for South India on a recent visit to the city.
Siddharth Vishwanathan discussed the rise in demand with Rosa Del Campo, Head of Inward Investment at Locate Cambridge, (part of the Combined Authority’s Growth Works Service) on a visit held on Friday March 11th, as part of a wider UK visit arranged by DIT.
During the visit Mr Vishwanathan visited the Bradfield Centre and St John’s Innovation Centre to find out more about how Indian companies expanding into Greater Cambridge can leverage the region’s dynamic & supportive incubation environment to accelerate their growth in the UK.
The visit also focused on how the Locate Cambridge Team can help to support businesses to understand the region’s capabilities, find opportunities and overcome set up issues and barriers to growth.
Once settled, Locate Cambridge can help businesses by utilising the wider Growth Works programme, including business coaching, funding and access to talent.
Mr Vishwanathan, Head of Investment for South India, said: “Cambridge with its close proximity to London has on offer the best ecosystem for companies in the Tech and Life science sectors. Access to good talent, funding eco-system, office space and R&D is of great advantage to Indian companies exploring the UK market. The Cambridge eco-system is not new to India give the historic links with the university. Indian companies such as Dr Reddy’s Labs have a large R&D centre in Cambridge with plans to further expand their investments. Newer tech companies focusing on areas like AI/ML, block chain etc have demonstrated increased appetite to consider locations like Cambridge. Interest from Indian tech companies in Cambridge is evidenced by the large number of applications made for the recently held Cambridge AI competition.”
Mrs Del Campo, Head of Inward Investment at Growth Works, said: “It was brilliant to welcome Siddharth to Cambridge and to show him what we can offer companies who are being supported by his team to expand into the UK. Cambridge has been becoming increasingly popular amongst potential inward investors from overseas throughout the last year and we are actively supporting a number of companies, who could bring jobs and investment into the region this year.”
* Pictured (left to right): Richard Carey-Evans, Innovate UK EDGE innovation & growth specialist at St John’s Innovation Centre with Siddharth Vishwanathan, DTI’s head of investment for South India and Rosa Del Campo of Locate Cambridge