Mayor of London Sadiq Khan

Mayor of London Sadiq Khan

London secures a raft of Pakistani and Indian investments

The Mayor of London has announced a raft of new investments into London on the concluding day of his six-day visit to India and Pakistan.

Speaking in Karachi, Khan said that Habib Bank AG Zurich, which already has eight branches in Britain, was planning to expand by adding two new branches in London, creating 50 new jobs.

He also said that his promotional agency, London & Partners, had this year secured more than 400 Indian jobs in the city’s tech sector.

ICT company Wipro has revealed plans to open a new 13,000 sq ft office in the City of London. This will be the company’s third London office.

The company already employs 1,800 people in the capital and is continuously investing and growing in the region.

During his visit to the two countries, Khan met with business leaders and politicians to ensure that, as Britain prepares to leave the European Union, people in Pakistan and India know that #LondonIsOpen for business, students and tourists.

In a major speech earlier in the week he also said that the United Kingdom government needed to do more to make sure students from the region continued to come to London, and proposed the reintroduction of a Post-Study Work visa.

He said: “This has been a significant visit and one which will reap rewards now and in the years ahead. London already has extremely deep and enduring ties with India and Pakistan, but all relationships need to be nurtured and there has never been a more important time for the United Kingdom and for London to make sure these bonds and links remain strong, and continue to grow.

“Today, I have announced some key investments from India and Pakistan into London which shows that the city is a vital destination for business and will continue to be so.”

Other significant investments into London from India came in the hospitality sector. Sadiq said London & Partners had secured investment from Devyani International, which is planning to open seven tea bars, starting in London and spreading throughout the UK. While Old World Hospitality and Massive Restaurants will be opening a number of venues in the city.

Other investments include UPL, Apollo Tyres and Lalit Hotels bringing their global marketing HQ’s to London, in recognition of the city’s status as a world class business hub.