By Admin 
Tide investment India: British business management firm Tide is going to invest 50 crore pounds (about 6000 crore rupees in Indian rupees) in India in the next five years. Giving this information on Friday, the company said that this step has been taken to strengthen its long-term plans in India. Also, with this decision of the company, it has been said that 800 new jobs will be created in the next one year. With this decision, the number of employees of Tide Company in India will increase to 2300. This announcement may open new employment opportunities.
In which areas will there be jobs?
The company has informed that the new jobs will be related to software, production, service, support and many other areas. This means that new job opportunities can be created for Indian skilled youth. There are currently 1500 employees in Tide Company. Most of whom are working in offices in Delhi, Hyderabad and Gurugram. The company had set a target of investing 100 million pounds in India in June 2021 and a time of 5 years was kept for this. The company has achieved this target even before the completion of time.
Recently, the company has also received an investment of $ 120 million from the world’s renowned alternative asset management firm TPG. Due to which the total valuation of the company has increased to 1.5 billion dollars. Amidst all this, the company’s decision to increase investment in India seems to be creating new opportunities. The company is considering India as one of the strong markets.
What does the company say on investment?
Giving information, Tide Chief Executive Officer Oliver Prill said that India is one of the largest markets for small and medium enterprises (SMEs) in the world. India’s talent and Tide together will help in further strengthening the India-UK relationship. He also informed that India has a major share in the company’s business at the global level.
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