Union Finance Minister Nirmala Sitharaman on Monday said that the government has launched the UK-India Infrastructure Financing Bridge in collaboration with NITI Aayog and the City of London Corporation. "Today we have launched the UK-India Infrastructure Financing Bridge. It is a collaborative venture co-led by NITI Aayog and the City of London Corporation aimed at harnessing collective expertise in planning and implementing major infrastructure projects. We remain committed to collaborate, deliberate and innovate to navigate the challenges and seize the opportunities that lie ahead for both nations, Sitharaman said at the 12th annual India-UK Economic Financial Dialogue.
Sitharaman said, "The UK expressed willingness to further extend its footprint in the GIFT City IFSC and foster a robust FinTech partnership. I am pleased with the tangible progress achieved through the India-UK financial partnership which has evolved into a leading public and private sector collaborative forum for dialogue across the financial sector."
Apart from the finance minister, Jeremy Hunt, Chancellor of the Exchequer of United Kingdom was also present at the event in New Delhi. Talks on macro-economic, multilateral issues, trade, infrastructure, financial services were discussed during the meeting.
Meanwhile, UK Prime Minister Rishi Sunak shared a video calling his visit to India an "important trip", a day after attending the G20 Summit held in New Delhi. He took to X and posted a video in which he shared glimpses of his visit to India, including his Akshardham temple visit and the G20. In the video, the UK PM can be heard speaking about global issues including Russia's invasion of Ukraine and its impact on the people. "An important trip to India for the G20, delivering for the UK on the world stage," Sunak wrote on X.
Sitharaman and Rishi Sunak met at the G20 Summit on September 9 and discussed issues of mutual interest and areas of collaboration to enhance the bilateral relations between the two countries.