India and UK launch financial partnership

By in

The Economic Secretary of the Treasury has welcomed the launch of a new Financial Partnership between UK and India, which will extend financial co-operation between London and Mumbai.
The Economic Secretary of the Treasury has welcomed the launch of a new Financial Partnership between Britain and India, which will establish closer ties and extend financial co-operation between London and Mumbai, two prominent financial centres.

Making her first visit to India as the Economic Secretary to the Treasury, MP Andrea Leadsom made this announcement during a speech in Mumbai. She met with key Indian financial policy makers and the leaders of both Indian and UK financial services firms.

The Economic Secretary has also visited Singapore for the first time as a Treasury Minister this week, where she met with the Singaporean Ministry of Finance and senior regulators to develop the financial and investment links between the UK and Singapore to promote the strengths of the UK as a global financial centre.

Mr Uday Kotak, Executive Vice Chairman of Kotak Mahindra Bank, said: ‘The opportunity to increase collaboration with UK financial sector creates significant prospects for both sides. I am excited to build this partnership with support from governments, policy makers and practitioners.’