Business Daily from THE HINDU group of publications
Thursday, Sep 07, 2006
Business Daily from THE HINDU group of publications Thursday, Sep 07, 2006 |
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Corporate
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Overseas Investments States - Andhra Pradesh
Our Bureau
Interest reciprocated Northgate Technologies, Aurobindo Pharma, Satyam Computers, Dr Reddy's are some of the Hyderabad-based firms which have set up offices in the UK. In turn, corporates from the UK such as HSBC, Singularity Software, Aurona Technologies, SPG Media have set up offices in AP
Hyderabad , Sep. 6 Corporates from Andhra Pradesh are increasingly making their presence felt in the UK, which offers several advantages as a global hub for finance, consulting and outsourcing. Northgate Technologies, Aurobindo Pharma, Satyam Computers, Clintox Biosciences, Ocimum BioSolutions and Dr Reddy's are some of the well known Hyderabad-based firms which have discovered the competitive edge of setting up in the UK, according to data available from the UK High Commission.
Mutual interest
In turn, corporates from the UK are also increasing their presence in Andhra Pradesh including HSBC, Singularity Software, Aurona Technologies, SPG Media etc. Highlighting the growing mutual interest in the industry from both countries, the UK Trade & Investment (UKTI), which advises Indian firms on investing in the UK, brought together a meeting here last week. UKTI's new Director, Trade & Investment in Delhi, Ms Jane Owen participated. One of the UK's largest investments in AP is HSBC's data processing centre in Hyderabad, the biggest in India employing 7,000 staff. HSBC Electronic Data Processing India Pvt Ltd (HDPI) forms part of HSBC's Global Resourcing network. UK involvement in Hyderabad's upcoming new international airport is also significant.
Offices in Hyderabad
Singularity Software has set up an office in Hyderabad employing around 60 staff, while Aurona Technologies is an animation and gaming software company with a development centre. In the planning stage is a major Greenfield brewery from the Cobra Beer Company, which is promoted by Mr Karan Billimoria, who hails from Hyderabad and is the President of the Indo-UK Trade Body based in London.
More Stories on : Overseas Investments | Dr. Reddy's Laboratories Ltd | Satyam Computer Services Ltd | Andhra Pradesh
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