Bengaluru has been the fastest-growing tech hub in the world between 2016 and 2020. It is followed by London, Munich, Berlin, and Paris respectively. Mumbai ranks sixth in this case. This is revealed in a report released in London.
Data analysis by London and Partners revealed that investment in Bengaluru was $ 1.3 billion in 2016, up 5.4 times in 2020 to $ 7.2 billion in 2016. In the same period, investment in Mumbai increased from $ 0.7 billion to $ 1.2 billion.
Investment in London has been 3.5 times between 2016 and 2020. Investment here exceeds $ 3.5 billion and reached $ 10.5 billion. Hemin Bharucha, Chief Representative of India at London & Partners, said, “It is heartening to see that Bangalore and London have emerged as the fastest-growing global tech hub in terms of investment. London has strong links with various cities in India in terms of trade and investment.
These figures have shown future prospects for the partnership. ' He further said that the UK government's recent Brexit deal has increased the possibilities for Indian companies and investors looking for possibilities in London. Bengaluru ranks sixth in terms of Tech Venture Capital Investment in the world.