UK-India explore opportunities and collaborations in creative industries
UKTI India is providing a unique opportunity for Indian companies to explore the UK’s creative technologies innovation ecosystem.
UKTI is facilitating two high level creative industry events led by specialists and advisers on the creative and digital media industries in the UK.
They will participate in seminars in Mumbai on January 19 and Bengaluru on January 21. The seminars will also include a mix of key Indian voices from the sector such as Technicolour, Tata Elxsi and Adobe.
The events will showcase the innovation ecosystem in the UK, highlighting how the combination of world-class creative industries and emerging digital technologies can drive an internationally significant growth of new content, platforms and business models. Production processes within the creative industries are now often internationally distributed and the seminars will explore how increased UK- India collaboration in this sector could have high potential.
Mark Leaver, UKTI Creative Industries Adviser said:
Digital technology is rapidly changing media production, distribution and audience engagement in both India and UK, and now is the time to use the strengths of each country in addressing these future trends. The UK has world renowned creative talent, and the combination of these skills with innovative new technology platforms allows an opportunity to generate international partnerships to access a global marketplace.
The two events will focus on the impact of digital; the next generation of tools which underpin global production and distribution; and the opportunities within the UK marketplace for Indian companies arising from the digital evolution of the creative industries.
In both Mumbai and Bengaluru participants will map the current landscape of UK-India partnership in this sector and investigate how Indian and UK companies can collaborate to take advantage of the rapid adoption of digital technologies. The participation of Indian companies from the sector will allow a deeper understanding of their requirements and they wil share case studies, experiences and insights alongside the UK experts.
Anil Sondur, Vice-President, Tata Elxsi said:
There is a strong existing relationship between the UK and India in the creative sector. The combination of commercial expertise, creative excellence and technological innovation across the two countries generates a significant value add for companies such as ourselves who operate in both markets. We welcome UKTI’s focus on commercial collaborations between UK and India in the creative economy and share their view of significant tangible opportunities in exploring future creative and tech trends as a partnership.
The speakers will share their thoughts on the role innovation plays at the leading edge of creative business development and foresight future trends in technology adoption – highlighting where the next generation of UK-India connections might find new opportunity.
The UK is a uniquely favourable place for Indian companies with a world class creative sector worth £70 billion+ p.a. to the UK economy. The UK provides a business friendly atmosphere with the lowest corporation tax rate among G20 countries and available funding opportunities for both creative production and R&D, making it an attractive destination for Indian creative and digital industries. In recent years major Indian creative businesses such as Prime Focus, Vistaar and Tata Elxsi have established successful commercial presences in the UK.
Seminar: Exploring the UK Creative Tech Innovation Ecosystem
|Mumbai||19 January||10:30 hrs||The Leela, Sahar|
|Bengaluru||21 January||19:00 hrs||JW Marriott Hotel|
GREAT for Collaboration is an ambitious and exciting new campaign to showcase India-UK business collaboration. The campaign, launched by Prime Minister Modi and Prime Minister Cameron, will inspire new partnerships and encourage greater awareness of the scale of the UK’s commitment to India. The overall objective is to increase business between the two countries. The campaign showcases and promotes collaborations of mutual benefit to India and the UK across a range of sectors, such as energy, healthcare, advanced manufacturing, financial services and infrastructure.
GREAT for Collaboration video
Find out why the UK is the most attractive overseas business destination.
The UK has been a popular destination for Indian investments for over 100 years. Tata is the largest manufacturing employer in the UK at 45,000 and has invested generously in the ingenuity of its R&D centre in Coventry. While addressing the British Parliament PM Modi said - ‘It takes an Indian icon, Tata, to run a British icon and become your nation’s largest private sector employer’.
With low tax and a talented workforce, Britain is one of the easiest places to grow your business.
In 2014-15, the UK won a record number of investment projects and maintains position as top investment destination in Europe India has emerged as Britain’s third biggest job creator in 2014 as the country saw a 65% increase in foreign direct investments (FDI) from here.
In 2014-2015 Indian investments in 122 FDI projects created 7,730 new jobs and safeguarded 1,620 jobs in UK.
The total number of people in the UK employed by Indian companies has increased by 10 per cent; from 1,00,000 in 2014 to nearly 1,10,000. Of the 1200 Indian companies in the EU, 800 are in the UK.
For more information, please contact:
Stuart Adam, Head,
Press and Communications
British High Commission, Chanakyapuri
New Delhi 110021
Tel: 44192100; Fax: 24192411
Mail to: Jagori Dhar