Arun Jaitley addresses business leaders in London

By Simon Jones

India’s Finance Minister Arun Jaitley today addressed an audience of 100 business leaders at an event hosted by the UK India Business Council, the Federation of Indian Chambers of Commerce and Industry (FICCI), and the Confederation of British Industry (CBI)

Mr. Jaitley is visiting London with a delegation of business leaders with the aim of drumming up business in the UK.

On arriving in the UK, Mr. Jaitley attended a reception on Sunday organised by Federation of Indian Chambers of Commerce and Industry (FICCI), the British Council and Indian High Commission.

On Monday morning, he performed a market opening ceremony at the London Stock Exchange followed by a roundtable meeting with prospective issuers and leading investors and fintech leaders among others.

At the UK India Business Council-FICCI event Mr. Jaitley addressed over 100 senior business leaders in a discussion session chaired by James Kynge, Emerging Markets Editor at the Financial Times.

After the Q&A Mr. Jaitley was presented with a copy of the new ‘Sterling Assets Report’ by the Confederation of British Industry (CBI) and the UK India Business Council.

The event was opened by Mr. Pankaj Patel, Director at FICCI, who said;

“The India-UK relationship will see new dimensions that will strengthen the existing relationship and accelerate growth levers in both countries. 2017 will be all the more special in strengthening our cultural and economic ties as our two countries celebrate the UK-India year of culture.”

“Today’s interaction presents a unique opportunity to take the UK-India bilateral relationship to the next level.”

Mr. Arun Jaitley said;

“Our aim is to create a world-class infrastructure, and an improving investment environment.”

“Since 1991 India has had a huge mindset change. There was a fear of the unknown with regards to liberalisation, but as we’ve seen it has created a better India, and those fears have receded. Therefore, today there is greater support for reform activity. The idea of a protectionist economy is no longer an issue in India.”

To see a transcript of Mr Jaitley’s Q&A session please follow this link

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