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'Touchdown London' service to help Indian companies

business Updated: Dec 05, 2007 15:53 IST
HS Rao
HS Rao
PTI
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In a novel way to help Indian businesses set up offices in London, 'Touchdown London', a dedicated start-up scheme, has been launched to provide them subsidised space and support services for the purpose.

The new service was announced at the 'Indian Business Reception' held last night at the Lords' hosted by 'Think London', which celebrates the importance of London and the UK's economic and cultural links with India, and city Mayor Ken Livingstone. The new service is launched in partnership with Avanta, a leading firm providing serviced office space.

Fresh from his "incredibly successful visit" to India, Livingstone said there was tremendous scope for building up the trade and cultural links between India and London.

"My visit to Delhi, Mumbai and Amritsar built on the already solid links that London has with India, which I am confident will only strengthen with time," he said.

"India is a rising economic superpower, with an annual growth rate of 9.2 per cent. With London currently positioned as one of the most pre-eminent business centres in the world, I hope that my recent visit demonstrated the benefits that London provides to Indian businesses looking to expand their headquarters in an increasingly competitive world."

As a sequel to his visit, as many as 15 businesses that attended the seminars during the Mayor's trip, have already expressed their interest in establishing a presence in London, an official said.

Asked to comment on his visit to the Mumbai slums, Ken Livingstone said "there was vibrancy everywhere."

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