Wipro Limited, a leading global information technology, consulting and business process services company, has announced the opening of an Innovation Centre in Holborn, London.

The IT major will invest £16 million in the 20,000 sq. ft. Innovation Centre over the next four years, which will act as its flagship centre in the UK and provide technology expertise to businesses in the UK and around the world.

It will play a critical role in providing advanced digital, cyber security, and cloud expertise to both developed and emerging businesses, as well as leading digital transformation in one of Europe's largest technology markets.

The IT major is celebrating its 75th anniversary worldwide this year, as well as 25 years in the UK, where it employs over 4000 highly skilled technology, digital consulting, and business management professionals.

In the last year, the IT services provider has employed over 500 new workers in the UK, and with the announcement of the Innovation Centre, the company expects its talent pool to grow even further in the coming years.

Following the recent announcement of its $1.45 billion acquisition of UK-based Capco, the opening of the Centre is the next crucial phase in providing companies with world-class consulting on digital, industry, and IT transformation. The company will acquire 1300 employees in the United Kingdom as a result of this acquisition, making it one of the largest end-to-end multinational advisory, technology, and transformation service providers to the banking and financial services industry.

“The UK is an important global base for digital business solutions and London continues to be a leading hub for both business and tech innovation. It’s great to see Wipro taking advantage of this and open their Innovation Centre in London, a further commitment to their 25 years in the UK and a boost for the vibrant and growing tech scene that will support our economic recovery”, said UK Minister for Investment Gerry Grimstone.

Thierry Delaporte, Chief Executive Officer and Managing Director, Wipro Limited said, “We are proud to announce a new step on our continued investment in the UK with a new Innovation Centre in London. This enhances our already powerful presence in the region across ten offices and over 4000 employees and will act as an important engine in our drive to boost digital transformation in Europe.”

He further continued to say, “the pandemic has disrupted lives and businesses everywhere. There is a positive role for technology to play as we rebuild. At Wipro, we believe in technology’s ability to support communities everywhere and drive the sustainability agenda.”

“Trade and investment between the UK and India is creating good jobs and sustaining livelihoods in both of our countries. I’m very pleased that Wipro has decided to join the legions of Indian companies investing in the UK, boosting our technology sector and driving economic growth”, said UK Prime Minister Boris Johnson.

In line with the Paris Agreement's aim of restricting global warming to 1.5°C, the IT giant had earlier vowed to reach Net-Zero Greenhouse Gas (GHG) emissions by 2040. Setting an intermediate target of a 55 percent reduction in absolute GHG emissions by 2030 compared to 2016-17 as the baseline year, t These objectives are based on the internationally recognized Science Based Targets initiative (SBTi) and embody the IT behemoth's deep decarbonization and organizational changes in order to achieve Net-Zero by 2040.