New employment opportunities will open up in India, with a British company investing 500 million pounds.

Tide Investment India: British business management firm Tide is investing 500 million pounds (approximately ₹6,000 crore in Indian rupees) in India over the next five years. Announcing this on Friday, the company stated that this move is intended to strengthen its long-term plans in India. It also stated that this decision will create 800 new jobs over the next year. This decision will bring Tide's employee count in India to 2,300. This announcement could open up new employment opportunities.

In which sectors will the jobs be available?

The company has stated that the new jobs will be in software, manufacturing, service, support, and other sectors. This could create new job opportunities for skilled Indian youth. Tide currently has 1,500 employees, most of whom work in offices in Delhi, Hyderabad, and Gurugram. In June 2021, the company set a target of investing £100 million in India, with a five-year timeframe. The company has achieved this target ahead of schedule.

Recently, the company received a $120 million investment from TPG, a globally renowned alternative asset management firm, increasing its total valuation to $1.5 billion. Amidst all this, the company's decision to increase investment in India opens up new opportunities. The company views India as one of its strongest markets.

What does the company say about the investment?

Tide's Chief Executive Officer, Oliver Prill, stated that India is one of the largest markets for small and medium enterprises (SMEs) in the world. India's talent and Tide's combined efforts will help further strengthen the India-UK relationship. He also informed that India has a major share in the company's business globally.