Skip to content
uk business opportunities

The Growing Partnership between India and the UK

Contrary to the past, the ties between India and the UK are now strong, diverse, and advantageous to both countries. Honorable Prime Minister Shri Narendra Modi and the Prime Minister of the United Kingdom, The Rt. Hon. Boris Johnson, agreed to an ambitious India-UK Roadmap 2030 to guide cooperation for the next ten years, as well as a new and transformative “Comprehensive Strategic Partnership” during the virtual India-UK Summit on May 4, 2021. Both nations have attempted to improve their strategic and economic collaboration in recent decades. Brexit, the UK’s decision to leave the European Union, has highlighted the significance of forming new relationships, with India emerging as a crucial ally.

India and the UK’s trade has been growing gradually, and bilateral agreements and collaborations are becoming more common. The two countries have actively sought opportunities for cooperation in a variety of fields such as Employer of Record services, including technology, healthcare, finance, and education, realizing the potential for mutual growth. The UK has seen a sharp increase in demand for Indian talent as a result of this developing connection. 

The growing prominence of India as a worldwide center for talent and innovation presents a significant opportunity for UK companies to leverage the varied skill sets, cultural familiarity, and tactical advantages that Indian experts can provide. Both countries may open up new doors for prosperity and success in the global economy by strengthening their links and encouraging cross-border cooperation.

UK Companies Recruiting Indian Professionals

Healthcare

The National Health Service (NHS) of the United Kingdom has historically relied on foreign expertise to fill critical positions in the healthcare industry. The healthcare system in the United Kingdom benefits greatly from the experience and competence of Indian professionals, such as doctors, nurses, and specialists. To fill skill gaps and staffing shortages, UK hospitals and healthcare organizations actively recruit Indian medical experts. This is due to the country’s aging population and rising demand for healthcare services.

Technology and e-commerce

Due to the growth of these sectors, there is a great need for qualified workers in fields including project management, data analytics, software development, and digital marketing. The skills of Indian experts in these disciplines, coupled with their strong work ethic and adaptability to dynamic work contexts, make them highly sought after. To spur innovation and maintain competitiveness in the global market, Indian talent is frequently hired by startups, multinational enterprises, and tech organizations with headquarters in the UK.

Finance and Consulting

London is a significant financial city, and the UK is known globally for its financial services industry. Banks, investment firms, consulting agencies, and other financial organizations depend heavily on Indian experts with backgrounds in finance, accounting, risk management, and consulting. They are invaluable in navigating complex financial markets and providing services to a varied clientele because of their analytical abilities, industry experience, and cultural fluency.

Education and Research

 A considerable number of Indian academics, researchers, and intellectuals are drawn to UK universities and research centers. These experts support innovative research projects, scholarly partnerships, and cross-disciplinary teaching initiatives. Students from both nations benefit from the enhanced educational experience that results from the information and skill sharing between Indian and UK universities.

Hospitality

To meet the demands of both local and foreign visitors, the UK’s tourist and hospitality sector depends on a diversified workforce. In employment in hotels, restaurants, travel agencies, and tourist attractions, Indian professionals contribute cultural understanding, linguistic proficiency, and a customer-centric attitude. Their capacity to interact with a diverse clientele improves the hospitality experience and solidifies the UK’s standing as a top travel destination.

Why are UK Companies Choosing Indian Talent?

India is becoming increasingly attractive to UK businesses as a strategic location for expansion and investment. This expanding tendency is influenced by several causes that cut across many sectors and industries.

Skilled Labour: India is well known for producing a large number of highly educated and talented workers in a variety of industries, such as technology, engineering, finance, and healthcare. UK businesses use this talent pool to stimulate growth in their particular industries, increase productivity, and foster innovation.

Access to Emerging Technologies: India is becoming a global center for innovation and technology. India’s proficiency in cutting-edge technologies like blockchain, artificial intelligence, and data analytics helps UK businesses stay ahead of the competition through alliances and teamwork.

Market Potential: With a fast-expanding middle class and expanding economy, India has a sizable consumer market. Due to the size of the nation, UK businesses have a lot of opportunities to grow their clientele by reaching out to a variety of consumer groups.

Cost-effectiveness: Compared to the UK and other Western nations, operating costs in India are frequently lower. India is a desirable location for manufacturing, offshore offices, and outsourcing because of its favorable exchange rates, lower labor costs, and tax incentives.

Locations: India’s geographic location offers significant advantages to UK enterprises looking to increase their worldwide presence. India acts as a gateway for companies wishing to enter new markets and set up regional headquarters due to its closeness to important markets in Asia and the Middle East.

uk india business opportunities

Our prime services tailored for the UK

Compliance Assurance

Implementing comprehensive compliance frameworks tailored to UK regulations and standards. Conducting regular audits and assessments to ensure adherence to legal requirements. Providing guidance and support to navigate complex regulatory landscapes, such as GDPR, tax regulations, and industry-specific compliance mandates. Offering ongoing updates and training to keep clients informed about regulatory changes and best practices.

Risk Mitigation

Identifying potential risks through thorough risk assessments and analysis.
Developing customized risk management strategies to mitigate identified risks effectively. Implementing robust security measures to protect sensitive data and assets from cyber threats and breaches. Offering contingency planning and crisis management support to minimize the impact of unforeseen events.

Streamlined HR Processes

Implementing cutting-edge HR technology solutions to streamline recruitment, onboarding, performance management, and payroll processes. Providing expert guidance on HR policies and procedures compliance with UK employment laws. Offering HR consulting services to optimize workforce management strategies and enhance employee engagement and retention. 

Flexibility and Scalability

Tailoring services to meet the unique needs and preferences of each client.
Offering scalable solutions that can adapt to fluctuations in demand or changes in business requirements. Designing solutions that can grow and evolve alongside clients’ businesses. Leveraging scalable technology platforms and infrastructure to support expansion efforts seamlessly.

Local compliance

Why is Remunance a trusted partner for UK businesses?

  • Expertise in Indian Market: Remunance possesses specialized knowledge and experience in navigating the complexities of the Indian business landscape.
  • Commitment to Compliance: Remunance prioritizes adherence to regulations, ensuring that UK businesses stay compliant with local laws and requirements.
  • Tailored Solutions: Remunance offers customized solutions to meet the unique needs and goals of each UK business they partner with.
  • Streamlined Processes: Remunance implements efficient processes to streamline operations and enhance productivity for their clients.
  • Dedicated Support: Remunance provides dedicated support to UK businesses, offering assistance and guidance every step of the way.
  • Proven Track Record: Remunance has a solid history of successful partnerships and satisfied clients, demonstrating their reliability and competence.

Our Success Stories

video
play-sharp-fill

Remunance X Medtigo, the success story of building a remote team

Building a team can be a tedious task, especially if you have to build one that is an expert in the medical domain! In this video we present you with a fantastic story highlighting the complete journey from discovery to delivery as to how this fantastic team came into existence.

video
play-sharp-fill

Best PEO (Professional Employer Organization) in India - Formaliti

PEO offered more flexibility & reliability while building a team in India. Formaliti got the exact talent they were looking for in India to start with, Remunance PEO helped Formaliti saved time as well as proved to be more cost-effective than outsourcing.

video
play-sharp-fill

Success Story | PEO to Forming a subsidiary in India | IntervalZero

Jeff from IntervalZero describes the journey of American startup with Remunance, how they set up their base in India which later turned into a wholly-owned subsidiary of IntevalZero saved time as well as proved to be more cost-effective than outsourcing.

FAQs

What is the Employer of Record (EOR) service offered by Remunance?

By serving as the official employer for their overseas employees, Remunance’s EOR solution enables businesses to swiftly and legally grow their worldwide workforce. We take care of compliance, payroll, taxes, and benefits, freeing up your staff to focus on your main business operations.

How can Remunance guarantee adherence to regional laws?

In each nation where we do business, Remunance keeps an eye on labor laws and regulations and maintains a network of legal specialists. To reduce any risks for our clients, we make sure that all employment rules, tax laws, and other statutory obligations are fully followed.

Can Remunance assist in bringing on and letting go of staff members?

Indeed, Remunance oversees every step of the employee’s lifetime, including onboarding and offboarding. To guarantee a seamless transition for the company and the employee, we handle contracts, paperwork, and employee documentation.

In which nations does Remunance provide its EOR service?

Around the world, Remunance offers EOR services in several nations, including but not limited to the US, UK, Canada, Australia, Germany, France, Singapore, and India.

How can Remunance help businesses with their international payroll management?

Remunance unifies payroll activities from several nations onto a single, unified platform, streamlining international payroll procedures. For our clients, we streamline payroll administration by ensuring accurate and on-time payments while abiding by local tax rules and regulations.

Explore the Potential of your India Chapter!

 

Our experts can help you navigate through the Indian talent market while providing the best and the most viable solutions for your business, grow your team smoothly with Remunance.

payroll

From the Blog

Belgium India

Belgium’s business engagements with India

Belgium is valuable to India as an investor. Belgium is the 20th largest investor in India. Belgium contributed $2.848 billion ...
/ About India, Blog
Norway India

Norway’s exploration of Business opportunities in India

As markets expand and industry shifts, the Norway-India partnership emerges as a robust and inventive light. The relationship crosses national ...
/ About India, Blog
India France business

Why should French businesses use India-France ties to expand?

With the establishment of regions like Puducherry, Chandernagore, Mahe, and Yanam, France increased its influence in India throughout the Colonial ...
/ About India, Blog
Book a Demo