Last updated: September 11, 2023 |
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8:20 pm |
Tweeted by All India Radio The 12th annual India-UK Economic Dialogue meeting was held today in New Delhi under the joint leadership of Finance Minister Nirmala Sitharaman and UK Chancellor of the Exchequer Jeremy Hunt. Macroeconomic and multilateral issues, financial services, trade, infrastructure investment and green financing were discussed during the meeting.
Speaking at a joint press conference with Mr Hunt after the meeting, Finance Minister Sitharaman said, India and the UK have reaffirmed their commitment to expeditiously finalize a Free Trade Agreement (FTA) between the two countries. He said that both sides are keen to conclude the FTA as soon as possible. Ms Sitharaman said, she is extremely encouraged by the deepening cooperation between India and the UK in the field of financial services. The UK expressed its desire to further expand its footprint in the GIFT City International Financial Services Center and foster a stronger fintech partnership, he said. The Finance Minister expressed happiness at the concrete progress achieved through the India-UK Financial Partnership, which has evolved into a leading public and private sector collaborative platform for interaction in the financial sector. With emerging technologies like Artificial Intelligence and Machine Learning redefining financial services and India’s new Digital Personal Data Protection Act, there are ample opportunities for both countries to collaborate on a framework for secure and inclusive financial intermediation, he said. The success of the India-UK Green Growth Equity Fund is a testament to the efficacy of public-private partnerships in disseminating sustainable finance at scale, Ms Sitharaman said.
Source: www.bing.com
