Wipro Technologies, the global IT services business of Wipro Ltd, has signed a Memorandum of Understanding (MoU) to enable innovation in low carbon technologies, including those in IT and IT services with the UK Trade & Investment (UKTI).
Wipro said in a release on Friday that the MoU outlines the manner in which UKTI and Wipro will collaborate within the framework of UKTI’s Global Value Chain programme, to identify areas of joint interest. The MoU will also explore ways to promote closer cooperation between business and academia in India and the UK.
The MoU was signed by Wipro chairman Azim Premji and Peter Mandelson, UK’s first secretary of state and secretary of state for business, at the company’s corporate head office in Bangalore on Monday. Mandelson was accompanied by British deputy high commissioner for Karnataka Richard Hyde and a party of UKTI officials.
“I see this kind of collaboration as leading the way in enhancing trade relations between the UK and India in this critical area where we have much to learn from each other,” Mandelson said.
Both parties discussed the UK’s emergence as a global hub for low-carbon solutions and an investment destination for technology companies like Wipro. The MoU also envisages various ways in which the collaboration will be taken forward including joint seminars, networking opportunities and innovative uses of digital media and technology, engaging both business and academic stakeholders.
Wipro has a presence in the UK since 1995 and operates from several offices around the country with substantial existing customer base in the energy & utilities, and retail and financial services spaces. It is now investing in developing its public sector business.