皇冠体育app

皇冠体育app Chancellor today (Friday 13 March) hailed the increasingly important relationship between Britain and India鈥檚 economies as he hosted a bilateral meeting with Indian Finance Minister Shri Arun Jaitley in London.

皇冠体育app meeting focused on the government鈥檚 work to strengthen its already well-established economic ties with India and precedes tomorrow鈥檚 unveiling of the new statue of Mahatma Gandhi in Parliament Square.

皇冠体育app statue, which was first announced by the Chancellor last July, underlines the importance of the UK鈥檚 cultural ties with India, as well as its economic links.

During their meeting, the Chancellor and the Finance Minister discussed the progress made since 2010 in strengthening and deepening co-operation between Britain and India on economic and financial issues, including increased inward investment in each other鈥檚 economies.

皇冠体育app UK has established itself as the biggest major investor in India in the G20, and India invests more in the UK than it does in the rest of the EU combined.

皇冠体育app two then affirmed the importance of continuing this progress in the future, building on each country鈥檚 respective strengths.

Chancellor of the Exchequer George Osborne said:

Building on our already strong relationship with India has been a key priority of this government. At the heart of our long term economic plan is developing closer links with fast-growing emerging markets like India 鈥� links that benefit both countries in terms of growth and jobs.

But our cultural ties with India are just as important as our economic links, and this visit is also an opportunity for the Indian government to meet the British Indian community and see their enormous contribution.

Together we will celebrate the unveiling of the Gandhi statue in Parliament Square, which I announced on my visit to India last July on a trip to see Prime Minister Modi. I鈥檓 delighted work has progressed so quickly and honoured that Finance Minister Jaitley is here to unveil this symbolic statue.

Exchequer Secretary to the Treasury and the Prime Minister鈥檚 Indian Diaspora Champion, Priti Patel, said:

Nurturing and expanding the financial partnership between the UK and India has been a key objective of the government since 2010, so it鈥檚 great that today we鈥檝e been able to announce further progress towards this during Finance Minister Jaitley鈥檚 visit to London.

We will continue to build ever closer engagement with the Indian government, so that both of our great nations can benefit from the economic and cultural rewards.

皇冠体育app Chancellor also welcomed the announcement that Mumbai-based manufacturing and energy firm Indsur Group have invested 拢25 million in their UK operations, which include the newly acquired Newcastle-based thermal engineering firm, Henderson Site Services.

Further information

As part of the meeting between the Chancellor and Indian Finance Minister Shri Arun Jaitley, they discussed the passage of the Indian Insurance Bill, which will create opportunities for UK insurers in India and deepen UK-India financial and economic links.

皇冠体育app Chancellor also announced a new scholarship for Indian finance professionals to study in the UK. 皇冠体育app Chevening Financial Services Leadership course will be the first of its kind and help strengthen future financial ties between the two countries, while further cementing Britain鈥檚 position as the centre for global finance.

皇冠体育app Treasury will later today jointly host a roundtable discussion with the City of London Corporation and the London Stock Exchange for Finance Minister Jaitley to meet a group of senior institutional investors.

Exchequer Secretary to the Treasury, Priti Patel will open the discussion, which will focus on the opportunities for investing in the Indian financial market. Key recommendations will be fed into the India-UK Financial Partnership.