New Delhi, Oct 10 (UNI) Indian tech giant Tata Consultancy Services (TCS) today announced the launch of Artificial Intelligence (AI) Experience Zone and Design Studio in London, an official statement said.
This decision reaffirms TCS’ continued strategic investment across the United Kingdom (UK) and upholds its long-standing partnership with the UK economy.
In addition to this, the IT giant will also create 5,000 new jobs across the UK over the next three years.
Jason Stockwood, Minister for Investment, United Kingdom, said, “I was delighted to visit the Tata Consultancy Services (TCS) campus in Mumbai to see their technological innovation first-hand. For nearly 150 years, Tata Group has reflected its leadership in entrepreneurship and philanthropy.”
“Now, as we celebrate a landmark Prime Ministerial visit to India, we have reaffirmed the pledge between our two economies to maximise on the trade deal we signed in July. As a valued investor for the UK, Tata Group and its companies like TCS are central to this mission, which ultimately will create jobs, put money in people’s pockets, and deliver economic growth across both countries.” Stockwood added.
Moreover, the business delegation accompanying UK Prime Minister Keir Starmer visited the TCS Banyan Park campus in Mumbai on Thursday. At this event, Minister Jason Stockwood, along with the TCS leadership team, launched a report by Oxford Economics detailing TCS’s contribution to the UK economy.
The key highlights of the report showed that in FY2024, TCS contributed 3.3 billion Pounds GBP to the UK economy and supported a total tax contribution to the UK Exchequer of over 780 million Pounds in FY2024, equivalent to the salaries of over 20,400 teachers.
Moreover, it also showed that TCS supported 42,700 jobs either directly or through its supply chain across 19 sites in the UK, with 15,300 employees working in technology positions such as engineering and data analytics.
“The UK is TCS’s second-largest market globally, making it central to our investment strategy around the world. The AI Experience Zone will further help to foster innovation in collaboration with businesses throughout the UK, helping to maintain an edge in artificial intelligence and new technologies. Additionally, we are continuing to expand our footprint across the UK, with investment into innovation, people, and skills in all four nations,” said Vinay Singhvi, Head–UK & Ireland at TCS.
TCS serves a diverse portfolio of clients across critical sectors, including financial services, retail, manufacturing, life sciences and public services in the UK.
The company’s ongoing investment strategy in the country focuses on several key areas: expanding its delivery capabilities, fostering innovation through research and development, and enhancing its talent ecosystem.
Sharing his industrial insight, Nick Mayes, Principal Analyst at industry analyst firm PAC, said, “ This latest investment from TCS reinforces its position as the leading provider of critical digital services in the UK. It plays a vital role in supporting complex, transformational programmes across many industry sectors, and this enhanced capability will put it in a strong position to help its clients harness the full potential of AI.”
