Tide commits £100 million investment and 1,000 jobs to India market entry
Tide, UK’s business financial platform, has selected India as its first international market, with a fully-fledged launch early next year. Tide announced that it will create over 1,000 jobs in India over the next five years. It also plans to invest more than £100m in India as part of the hiring surge, thus contributing to the economy as a key ally in the country’s growth story.
Tide already has over 200 highly skilled employees in India, with most based in its Hyderabad technology centre. Tide is building a team in India, creating a pool of talented and experienced colleagues that will help build the business, scale operations and further Tide’s desire to unleash the true potential of Indian SMEs by helping them save time and money in the running of their businesses.
Commenting on the expansion in India, Oliver Prill, Tide CEO said, “Tide recognises the ambitions of both the UK and Indian Governments to build India-UK bilateral relationships with an enhanced economic partnership and sees SMEs as being crucial to economic growth in both nations.
“We at Tide are committed to serving India’s 64 million, and growing, SME sector, helping to unleash the true potential of Indian small businesses by helping them to save time (and money) on their financial admin. Through our investment in the market, Tide looks to contribute to both the countries’ vision of developing a roadmap to a free trade agreement with a target of £100 billion by 2030.”
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Source: Tide commits £100 million investment and 1,000 jobs to India market entry