Lord Mayor of London Embarks on Business Mission to India
London, February 14 (PTI) – The Lord Mayor of London is set to promote the concept of free trade and enhance bilateral capital investment as he embarks on a one-week tour of India starting this Saturday.
Alderman Alastair King, currently serving as the 696th Lord Mayor and acting global representative for London’s financial district, will engage in extensive discussions in Mumbai that revolve around his key theme: ”Growth Unleashed.”
Meetings with Key Financial Institutions
The Lord Mayor’s itinerary includes meetings with British trade representatives and significant Indian banking entities such as HDFC Bank, State Bank of India (SBI), Reserve Bank of India (RBI), as well as the Securities and Exchange Board of India (SEBI).
“The focus on ‘Growth Unleashed’ aims to motivate British enterprises to venture into remarkable growth markets like India. It’s about knocking on doors and expanding their businesses,” Alderman King conveyed before his trip to Mumbai.
A Coordination Ahead of Trade Developments
This visit precedes an anticipated trip by UK Business and Trade Secretary Jonathan Reynolds later this month aimed at reestablishing the stalled UK-India Free Trade Agreement (FTA) which faced delays due to election cycles in both nations last year.
The timing could not be better, according to Alderman King. “After a period when momentum for the FTA had slowed down, it’s encouraging that Minister Reynolds will also visit India soon.”
Exploring Opportunities Through Enhanced Trade Relations
“We can use this opportunity to discuss avenues available for professionals involved in finance, law, maritime sectors—the prospects that come with the Free Trade Agreement,” he remarked.
King underscored how vital the trading partnership between India and the UK has become. With a value estimated at GBP 41 billion annually, it stands resilient amid global trade tensions characterized by tariffs from other countries like the USA.
Pursuing New Growth Avenues Together
“It becomes increasingly essential for us to demonstrate our dedication towards escalating trade levels. There are tremendous prospects waiting between Britain and India—especially in infrastructure investments along with financial legal services,” said Alderman King.
“In this landscape where we aim for enhanced capital mobility between both nations presents exceptional opportunities,” he further commented.
The City Corporation’s Vision: Strengthening Ties with Indian Firms
The City Corporation is eager for more Indian firms to invest within its borders while taking advantage of London’s esteemed financial services landscape. “Many Indians regard London as their second residence—this relationship continues growing,” added King who has prior experience working in Mumbai’s infrastructure domain.
An Expanding Partnership Tale: From Containers To Integration Into Global Markets
“Our past ventures focused largely on investing within containerized shipping—a narrative that’s poised positively over another quarter-century considering India’s increasing integration into global commerce,” he emphasized regarding India’s potential long-term growth story.
The Lord Mayor aims at initiating conversations surrounding India’s financial service sector during his meetings abroad; promoting synergistic approaches around safeguarding investments therein emphasizes shared economic growth aspirations among both societies
- Total Employment: More than 678,000 individuals currently contribute their expertise within London’s Square Mile—a notable factor cementing its position globally leading international financial center.” delineated by Alderman king
- Diversity driving innovation: Aspiring towards inviting skilled talents including those hailing from india validates sustained success moving forwardn
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