Clegg, who arrived in India on a three-day visit, inaugurated a new technological hub and UK Business Centre in Bengalore (second after New Delhi) and stressed trade between the two countries.
Clegg, who led the first British delegation to India after a new government took over in New Delhi, focussed on opportunities for growth in aerospace, hi-tech and manufacturing between the two countries.
Deputy Prime Minister Nick Clegg said in Bangalore: "India is at a major crossroads in its economic destiny, and Bangalore is a shining example of how technological expertise can be harnessed to create a powerhouse for growth. This city is among the top ten preferred locations for entrepreneurs in the world, and home to more start-ups than any other city in India."
Nick Clegg led a 40-member delegation to India and met PM Modi on Monday
During his visit to Bangalore, Clegg visited the Airbus India facility, the Hawk manufacturing facility at the aircraft subdivision of the Hindustan Aeronautics Limited, launched the first base of Group Rhodes company in India and announced Renishaw's plan of setting up a metal 3D printing centre in Pune.
Clegg met Indian Prime Minister Narendra Modi and Union Finance and Defence Minister Arun Jaitley in New Delhi on Monday. On Tuesday, the British deputy prime minister visited Mumbai.