Indian industry welcomes UK's timely Scale-up Visa to attract professionals

Indian industry on Thursday welcomed the UK's new Scale-up Visa, which is aimed at attracting more skilled professionals from around the world, including India.

The Federation of Indian Chambers of Commerce and Industry (FICCI) said the UK Home Office announcement directed at high-growth businesses to access a worldwide talent pool to boost their scale-up ambitions are well timed and likely to benefit many Indian businesses and also help UK companies tap into the vast Indian talent pool.

Companies, including small businesses and those in the tech and financial services sectors that have achieved growth of 20 per cent or more in either employment or turnover year-on-year for at least three years and employed a minimum of 10 people at the start of those three years are eligible to sponsor workers under the new route.

In the last few years, India has seen a large number of rapidly growing businesses from tech and financial services expand into the UK, said FICCI Director General Arun .