Tech UK, Nasscom urge two governments for tech hub
NEW DELHI: Tech UK and NASSCOM, the leading technology trade associations in the UK and India, have urged the two governments to set up a tech hub in India following the pioneering model of the British Embassy in Israel.
The two organisations have also identified four priorities to unlock new growth in tech and ICT services between them.
The UK’s decision to leave the EU has led to further changes planned for April next year, including the increase in salary thresholds for Tier 2 ICT visas and the introduction of the Immigration Skills Levy, be subject to fresh, considered review.
The UK is India’s largest G20 investor, employing nearly 700,000 people across India. “The UK digital skills gap currently costs our economy an estimated £63 billion a year in lost GDP,” states a joint letter by Tech UK and NASSCOM to Prime Minister Narendra Modi and the UK PM Theresa May.
Supporting a Free Trade Agreement (FTA) that simplifies the trade of goods and services, the two associations have sought a high skilled worker mobility agreement, along with an agreement on the free movement of data.
“We urge you both to consider the movement of skilled tech workers from India as a trade priority rather than an immigration issue. Temporary placement of highly-skilled individuals into the UK provides a significant economic boost yet has a negligible impact on net migration,” states the joint letter.