Mumbai-based IT services company Tech Mahindra has announced that it will add 1,000 jobs in the United Kingdom through opening new revenue streams.
The company will collaborate with academia and research institutes in the UK at its Maker’s Lab, situated in Milton Keynes, Buckinghamshire. The Makers Lab is a research and development wing of Tech Mahindra which engages with the co-innovation of solutions and services with partners, startups and academia.
“Trade and investment between the UK and India is creating good jobs and sustaining livelihoods in both of our countries. I’m very pleased that Tech Mahindra has decided to join the legions of Indian companies investing in the UK, boosting our technology sector and driving economic growth,” UK Prime Minister Boris Johnson said in a statement.
The announcement, Tech Mahindra said, is on the back of Johnson’s announcements regarding new UK-India collaborations made on Artificial Intelligence in his ongoing visit here.
“Innovations and applications of Artificial intelligence (AI) can significantly transform the productivity and create revenue streams for businesses in the UK. Tech Mahindra aims to bring out the best of solutions powered by next-gen technologies for industries to solve specific challenges,” said CP Gurnani, MD, and CEO of Tech Mahindra.
On Thursday, the UK High Commission gave out a statement saying that UK and Indian business partnerships worth 1 billion euros will be created in the near future. The partnership will create almost 11,000 jobs across the UK, it said.