Lancashire-based IN4 Group, the operator of innovation hub, HOST, has secured a major contract, extending over three years, with the Indian government to support five high growth Indian technology companies with their expansion into the UK.
The partnership, facilitated by the Manchester India Partnership, is the first of its kind with the Indian government, which has selected the North West as the only other location outside of London to run this programme, forging stronger ties with India and contributing towards the region’s economic growth.
The Electronics and Computer Software Export Promotion Council (ESC), part of the Indian government, developed the project to help growing Indian technology SMEs secure business infrastructure support and launch in the UK. The UK ranks second for India's software exports, reflecting its significance for the Indian technology industry.
IN4 will dedicate a team and infrastructure to represent the companies as they expand in the region. The five Indian SMEs provide effective solutions for a diverse range of sectors, including manufacturing, finance, healthcare, airlines, and the public sector with products and services focused on data science, bespoke software application development, IoT and digital service consulting.
The five companies being supported are Terrah Technologies, NeoSOFT Technologies, Prospecta Technologies, GoodBits Tech and SIERRA ODC - which are located in five different cities spanning across India, including New Delhi, Mumbai, Vishakhapatnam, Kochi and Coimbatore.
It will be responsible for finding new business opportunities and networks, contacting prospective customers and building relationships, helping the companies to accelerate their business growth in new markets.
Mo Isap, CEO of IN4 Group, operator of HOST, said: “It is an honour to be chosen by the Indian government to have five of India’s best, high growth, tech companies based at HOST and supported by our innovation ecosystem to create inward investment, jobs and economic growth opportunities for the region. This incredible collaboration with the Manchester India Partnership and MIDAS marks the start of our international footprint and will hopefully further strengthen the relationship between the two nations.”
Sandeep Narula, chairman of the ESC, said: “I am sure, with its strong industrial base and increasing emphasis on digitisation, this will prove to be the perfect pitch for bringing together IT SMEs from both the countries. Our sincere thanks to the Indian High Commission in the UK and Ministry of Electronics and IT, Government of India for their unstinted support of the ESC’s initiative to help Indian SMEs expand to the UK. We are also thankful to HOST, who will be managing the North West office and taking the initiative forward. My best wishes to Indian companies who are part of this initiative, I sincerely hope that it will bring rich dividends to them and help expand their businesses in the whole of the UK and even beyond.”