New Delhi, Nov 3 (ANI): A senior delegation from India was present at the London Stock Exchange to launch the next phase of the India-UK Financial Partnership (IUKFP). The IUKFP, co-chaired by Uday Kotak, Chairman and Managing Director, Kotak Mahindra Bank and Sir Gerry Grimstone, Chairman of Standard Life finalized reports to present to the Prime Ministers of India and the UK, Narendra Modi and David Cameron during the PM’s forthcoming landmark visit to the UK.
The Partnership was established to strengthen cooperation and links between the UK and India. Minister of Indian Railways, Suresh Prabhu addressed a roundtable meet of international investors at London Stock Exchange highlighting the opportunities in Indian railways and energy infrastructure.
Indian Finance Minister, Arun Jaitley also addressed leading institutional investors at London Stock Exchange, discussing the steps taken by his government to increase foreign investment into India’s infrastructure and manufacturing sectors.
Nikhil Rathi, CEO, London Stock Exchange also present at the meet said, “We are honoured to welcome another high level Indian delegation to London Stock Exchange, which again demonstrates the ever closer links between the UK and India. London Stock Exchange has more Indian companies listed on our equity and debt markets than any other international market and also provides cutting edge technology to some of India’s leading exchanges.”
“We are the leading international exchange for offshore rupee denominated masala bonds used to finance Indian infrastructure and look forward to working with Indian partners to help mobilize finance on the large scale needed to support India’s powerful growth trajectory,” he added.
London Stock Exchange Group has a history of supporting Indian companies seeking international growth capital. There are currently 55 Indian or India-focused companies quoted on London’s markets in addition to 26 Indian global depository receipts listed on London’s International Order Book.
In February this year, Millennium IT, a leading innovative trading technology business and part of London Stock Exchange Group, was selected by India’s National Commodity and Derivatives Exchange (NCDEX) to provide the core technology infrastructure for both its derivatives and spot markets. (ANI)