by admin | May 25, 2021 | Business, Corporate, Corporate Buzz, Corporate Governance, Emerging Businesses, Employment, Investing, News, Politics
New Delhi : The new UK-India Tech Partnership agreed to during the bilateral meeting between visiting Indian Prime Minister Narendra Modi and his British counterpart Theresa May will help generate significant investment and create jobs, the British High Commission here said.
“An ambitious new UK-India Tech Partnership is expected to generate significant investment and support the creation of thousands of new jobs across the UK,” the High Commission said in a statement.
It said under the Partnership, Britain will establish a new UK-India Tech Partnership to identify and pair businesses, venture capital, universities and others to provide access routes to markets for British and Indian entrepreneurs and small and medium enterprises.
“It follows on from the success of the UK-Israel Tech Hub which has generated £62 million worth of deals over the past five years, with a potential impact of 600 million pounds for the UK economy,” it stated.
“The most up-to-date figures show the UK exported 358 million pounds of digital services to India in 2015.”
According to the statement, based on these figures, the success of the UK-Israel Tech Hub and the size of the Indian economy, Britain believes this initiative could give its economy a significant boost.
It said the UK-India Tech Partnership is expected to contribute to an increase of thousands of tech jobs in the UK in the coming years.
“Our world-leading digital economy is booming, worth more than 116 billion pounds a year and employing more than two million people,” British Digital Secretary Matt Hancock said in the statement.
“We’re determined to see this incredible success continue, and this ambitious UK-India Tech Partnership will bring together some of the best minds working in tech to unlock its future potential and deliver high-skilled jobs and economic growth in both countries.”
According to the High Commission statement, Britain will initially invest 1 million pounds to pilot the approach and potentially up to a further 13 million pounds by 2022.
“To build the network the government will engage in-country experts to work with the British High Commission in New Delhi, the Indian government and the private sector in order to increase tech investment, exports and research and development,” it said
It also said that smaller regional teams will link specific cities and regions in India and Britain.
“The Partnership will encourage innovation and productivity by helping businesses in the UK and India collaborate on emerging technologies, develop mentoring relationships and exchange staff,” the statement said.
“The regional teams will also ensure the impact is felt across the breadth of both nations’ expansive tech sectors, and that successful approaches adopted in one region can be shared and adopted in others.”
Initially the pilot will connect Britain with Pune in Maharashtra, focussing on the Future of Mobility, including low emission and autonomous vehicles, battery storage and vehicle light-weighting. Additional connections will be linked to Bengaluru with a focus on augmented and virtual reality, advanced materials and artificial intelligence.
If it is as successful as expected, the Partnership can be scaled up to bring in more regions of Britain and India which share expertise in the relevant fields.
In parallel, Britain and India’s tech trade associations TechUK and Nasscom will work together through a new UK-India Tech Alliance, bringing senior tech leaders together to collaborate, help develop policy and encourage innovation, according to the statement.
“This is an incredibly important partnership and something tech businesses from both countries have been driving for. The UK and India are leaders in the development and use of digital tech, and there is a huge amount we can learn from each other and big opportunities to join forces in innovation,” Julian David, CEO of techUK, said in the statement
“This is an incredibly important partnership and something tech businesses from both countries have been driving for. The UK and India are leaders in the development and use of digital tech, and there is a huge amount we can learn from each other and big opportunities to join forces in innovation,” David said.
“India is also a key strategic partner for the UK with world-class digital skills. Deepening our engagement will open up opportunities for business in both countries and help ensure we maximise the benefits of technology for our societies and citizens.”
—IANS
by admin | May 25, 2021 | Corporate Jobs, Employment, Government Jobs, News, Politics, Private Jobs
Visakhapatnam : New Jersey-based Conduent Incorporated on Thursday announced to expand its presence in India by opening a new location in Visakhapatnam that will help create 5,000 jobs in the city in the next two years.
A global leader in digital interactions with operations in 35 countries, the Visakhapatnam site will be the company’s ninth location in the country.
“The entry of global businesses like Conduent to the city is a sign of the city’s growing stature as a business hub. It is yet another example of how investing in a highly-skilled, educated workforce boosts the local economy, creates jobs for the youth and strengthens the State,” said Andhra Pradesh Chief Minister N. Chandrababu Naidu at an event here.
The new site will become a key business location, helping Conduent India deliver innovation globally, in technology, transportation, healthcare, public safety, human resources, process automation and operational excellence.
Conduent India employs nearly 12,000 people across nine locations in the country.
“India is a strategic growth region for Conduent. As a digital interactions business that serves Fortune 500 companies and government entities around the world, being a part of this dynamic geography is the right move for our clients and our people,” said Dave Amoriell, President, Conduent Inc.
The launch came less than six months after the company announced a three-year timeline for setting up a development centre in Visakhapatnam’s fintech valley.
“Visakhapatnam provides access to a new professional labour market focused on technology, innovation and research,” Amoriell added.
Conduent is the world’s largest provider of diversified business process services with leading capabilities in transaction processing, automation and analytics.
—IANS
by admin | May 25, 2021 | Corporate, Corporate Governance, Corporate Jobs, Employment, Private Jobs
New Delhi : Online recruitment service provider Monster India on Friday said it has signed a MoU with the Indian Navy Placement Agency to provide retired and shortly retiring navy personnel with alternate career opportunities in the corporate sector.
“Monster India aims to list more than 1,000 opportunities in the next 12 months (on monsterindia.com) with a target of increasing this number to 2,000 opportunities by the year 2020,” it said in a statement.
The focus would be on identifying opportunities in sectors such as capital goods industries, information technology (IT), and IT-enabled services, security space, micro, small and medium enterprises and so on, the statement said.
Abhijeet Mukherjee, CEO, monster.com (APAC and Middle East) said, “We aim to assist retired navy veterans with customised job opportunities in accordance with their skill set. Moreover, Monster India will regularly provide the candidates with job fairs, interview etiquette tips, career recommendations.”
—IANS
by admin | May 25, 2021 | Employment, Private Jobs
Washington : The US private sector added more jobs than expected in January, signaling a robust start to the year in hiring, according to data released by the ADP Research Institute on Wednesday.
Payrolls at non-farm private companies increased by 234,000 in January, beating market expectations. Small private-sector businesses added 58,000 jobs in January, medium-sized businesses added 91,000 and large businesses added 85,000, according to the report.
The hiring in the first month of the new year bodes well for the remainder of 2018, Xinhua quoted Mark Zandi, chief economist of Moody’s Analytics, as saying.
“Given the strong January job gain, 2018 is on track to be the eighth consecutive year in which the economy creates over 2 million jobs,” he said. “If it falls short, it is likely because businesses can’t find workers to fill all the open job positions.”
The ADP National Employment Report is jointly developed with Moody’s Analytics.
—IANS
by admin | May 25, 2021 | Corporate, Corporate Buzz, Corporate Jobs, Employment, World
Berlin : A hard Brexit might endanger 14,000 of the 42,500 jobs in German car industry, a report published by the consulting firm Deloitte showed on Thursday.
German automobile industry could expect a loss of up to $4.6 billion in the Brexit year, because of the close interdependence of the suppliers with carmakers in Germany, Britain and other European Union countries, said the report named “hard Brexit and supply chain”.
Every fifth car parts used in Britain originates from Germany. German manufacturers supply the British automobile industry directly, and are indirectly involved in the production of German and other European cars exported to Britain, Xinhua reported.
The jobs at risk are all at suppliers to carmakers, should Britain’s negotiations with the EU about their future relationship collapse without a deal.
A no-deal Brexit would lead to the introduction of tariffs and a possible crash in the value of the British pound, making British companies less able to purchase imports.
The sales slumps affect the supply chain indirectly and lower revenue and employment for German suppliers.
“In the Brexit year 2019, a hard Brexit would cause sales of German suppliers to shrink by 23 per cent from 16.4 to 12.6 billion euros, which represents a decline of around 5 per cent of German suppliers’ current total turnover,” Deloitte chief economist Alexander Boersch said.
—IANS
