India, UK to cooperate in infra financing, check tax evasion

Finance Minister Arun Jaitley, who held talks with his UK counterpart George Osborne as part of the 8th India-UK Economic and Financial Dialogue and had a series of meetings with UK-based investors and fund managers, on Tuesday said that his visit had carried the economic and financial dialogue with Britain forward.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead master your money SME Special
moneycontrol.com

sme special

Associate Sponsor

Home » News » Economy

Jan 21, 2016, 09.10 AM | Source: PTI

India, UK to cooperate in infra financing, check tax evasion

Finance Minister Arun Jaitley, who held talks with his UK counterpart George Osborne as part of the 8th India-UK Economic and Financial Dialogue and had a series of meetings with UK-based investors and fund managers, on Tuesday said that his visit had carried the economic and financial dialogue with Britain forward.

Like this story, share it with millions of investors on M3

India, UK to cooperate in infra financing, check tax evasion

Finance Minister Arun Jaitley, who held talks with his UK counterpart George Osborne as part of the 8th India-UK Economic and Financial Dialogue and had a series of meetings with UK-based investors and fund managers, on Tuesday said that his visit had carried the economic and financial dialogue with Britain forward.

Post Your Comments

Share Cancel

Arun Jaitley, Finance Minister, GoI
India and the UK have agreed to strengthen their economic cooperation in infrastructure and financial services as they vowed to address cross-border tax evasion and avoidance.

Finance Minister Arun Jaitley, who held talks with his UK counterpart George Osborne as part of the 8th India-UK Economic and Financial Dialogue and had a series of meetings with UK-based investors and fund managers, on Tuesday said that his visit had carried the economic and financial dialogue with Britain forward.

After talks between Jaitley and Osborne, a joint statement was issued that talked about advancement of cooperation in a range of sectors including infrastructure financing, addressing issues of cross-border tax evasion and avoidance besides opening up of the Indian legal sector to foreign lawyers.

"From the Indian point of view, we were extremely interested in having the British investors look at infrastructure investments in India for which various possibilities were discussed. Britain has been cooperating and also extremely keen that large British companies, particularly involved in infrastructure financing, start investing in Indian infrastructure," Jaitley said.

"The possibility of their investing, either directly in projects or through the National Investment and Infrastructure Fund (NIIF) that we have created, were both discussed," he told reporters at the Indian High Commission.

During the talks, which included senior representatives from Finance Ministries, Central Banks and key regulators of both countries, the two leaders discussed ways to strengthen the Indo-UK existing economic partnership in order to further boost trade and investment, and to build on the success of Prime Minister Narendra Modi's recent summit with his British counterpart David Cameron in the UK.

"Given the fact that even in a somewhat difficult global scenario, India is managing a reasonable growth rate, this is one of the better options that investors have and that kind of a sentiment gets really echoed in the meetings with the investors that we had. Of course, the investors are also keenly watching which way our reform process in India goes," Jaitley said.

"The global economy is facing serious challenges and therefore the estimates of global growth also have been repeatedly lowered. Compared to how various countries across the world have been doing, India's growth rate despite these challenges is probably the highest in the world among major economies," he said, in reference to his meetings with investors at Goldman Sachs and London Stock Exchange.

As a follow up on Prime Minister Modi's announcement during his UK visit in November 2015 on the listing of Rupee bonds in London, the Minister said, "the UK is very keen for these to be listed in London and broadly the economic and financial dialogue was carried further".

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
India, UK to cooperate in infra financing, check tax evasion

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login