Tata Consultancy Services has announced the launch of an ‘artificial intelligence experience zone’ and design studio in London.
The Indian tech multinational says it will create 5,000 new jobs across the UK over the next three years.
TCS has provided technology services to UK enterprises for over 50 years, with a focus on digital transformation and supporting talent development. The London studio is the second design hub established by TCS, following the opening of a New York design studio in September.
A UK business delegation accompanying UK Prime Minister Keir Starmer visited the TCS Banyan Park campus in Mumbai on Thursday. At the event, Minister Jason Stockwood along with the TCS leadership team launched a report by Oxford Economics detailing TCS’ contribution to the UK economy.
It found that in FY2024, TCS contributed £3.3 billion to the UK economy, supported a total tax contribution to the UK Exchequer of over £780m and 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.
“I was delighted to visit the Tata Consultancy Services campus in Mumbai to see their technological innovation first-hand,” said Jason Stockwood, UK Minister for Investment.
“For nearly 150 years, Tata Group has reflected their 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.”
Vinay Singhvi, head- UK & Ireland, TCS, said: “The UK is TCS’ 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 in maintaining 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.”