New Delhi [India], April 10 (ANI): At the 13th UK-India Economic and Financial Dialogue held in London, UK Chancellor Rachel Reeves and Indian Finance Minister Nirmala Sitharaman jointly announced new trade and investment agreements worth USD 400 million. The announcement marks a significant step in strengthening bilateral economic cooperation between the two nations.
In a post on X, the British High Commission in India emphasized the growing partnership, stating:
“The UK and India are growing together. Chancellor @RachelReevesMP and Minister @nsitharaman have announced £400m of trade and investment wins at the 13th UK-India Economic and Financial Dialogue in London.”
As part of her official visit, Sitharaman also held a bilateral meeting with Alastair King, the Lord Mayor of London, who expressed his admiration for India’s developmental vision, Viksit Bharat 2047, and acknowledged the robust collaboration through initiatives like the UK-India Infrastructure Financing Bridge.
The Lord Mayor underscored the vast economic and infrastructure investment opportunities in India, calling for deeper engagement under the ongoing partnership.
In another key meeting, Sitharaman met with Britain’s Secretary of State for Business and Trade, Jonathan Reynolds. The two ministers reaffirmed the importance of the longstanding cultural, economic, and social bonds between India and the UK. They discussed global geopolitical trends and agreed to leverage the strong economic relationship through strategic collaboration.
Both sides also exchanged updates on the progress of the UK-India free trade agreement (FTA) negotiations. They expressed optimism about achieving a timely and mutually beneficial outcome from the ongoing talks.
The Ministry of Finance posted:
“Union Minister for Finance and Corporate Affairs Smt. @nsitharaman met with Rt. Hon. Mr. @jreynoldsMP, Secretary of State for Business and Trade for the United Kingdom @biztradegovuk, in London, today.”
Finance Minister Sitharaman is currently on an official visit to the UK and Austria, scheduled to conclude on April 13. The visit aims to deepen financial, trade, and investment ties, laying the groundwork for greater economic cooperation in the coming years. (ANI)
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