Two major Indian technology firms have announced plans to open up offices in London as their main headquarters for European operations.
Nazara and SmartPlay Technologies will both open new London offices before the end of the year.
The announcements came on the same day that the Major of London, Boris Johnson, was meeting a variety of Indian entrepreneurs to discuss the benefits of London as a centre for investment.
Currently the technology market in London employs around 100,000 people, with 24,000 IT companies already using the UK capital as their base. This dwarfs the nearest European rival of Paris which has 15,500.
Mayor Johnson, said: “London is a powerhouse for entrepreneurial technology firms, which play a crucial role in driving jobs and economic growth in the capital.
“This commitment from Nazara and SmartPlay is yet another example of the confidence international firms have in the city, and India’s burgeoning technology and computing sectors could benefit greatly from following their lead.”
Nazara is a mobile games developer and publisher whereas SmartPlay Technology are India’s second largest semi-conductor design company. They will be joining a host of Indian technology companies such as InfoTech, Wipro and HCL Technologies who have already set up operations in London.
CEO of SmartPlay, Pradeep Vajram, said: “London’s connectivity to Europe/India, its access to a vibrant tech eco-system and the lack of language barriers make it the location of choice for SmartPlay’s European expansion.
“We will initially be employing both engineers and sales teams in London and then looking to build out our design and sales operations in the UK.”
The two companies will employ a total of 40 staff and hope to hire another 125 more over the next three years.
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