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India-UK hold 12th Economic and Financial Dialogue in New Delhi

September 12, 2023 1:31 PM IST

India | Nirmala Sitharaman | UK | 12th Round of Ministerial India-UK Economic and Financial Dialogue

The 12th Round of Ministerial India-UK Economic and Financial Dialogue was held on September 11 in New Delhi. India and UK reiterated the commitment to deepen their collaboration on Financial Services, building on each other’s strengths and supporting mutual aspirations towards financial inclusion and sustainable development.

The Indian delegation was led by Union Minister for Finance, Nirmala Sitharaman and the U.K. delegation was led by Chancellor of the Exchequer, U.K, Jeremy Hunt.

Both sides focused on enhancement of the knowledge exchange, cooperation and support between India and UK to further the infrastructure development priorities, robust FinTech partnership and Sustainable Finance towards long-term growth objectives.

The two countries announced the India-UK Infrastructure Finance Bridge, a collaborative initiative to leverage expertise and investment in support of India’s National Infrastructure Pipeline. Both sides also deliberated on enhancing mutual cooperation on macroeconomic and multilateral issues.

There was optimism in terms of the activities being done by India to promote financial services and investment in GIFT IFSC and UK’s commitment to support the same.

(Inputs from ANI)

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