New Delhi,UK Foreign Secretary Mr. William Hague
visited India on 7-9 July 2014. He met EAM on 8 July 2014, during which the two
sides discussed progress in bilateral relations across a wide range of sectors
as well as regional and global issues of mutual interest. Strengthening people
to people contacts, cooperation in social sectors, situation in India’s
neighborhood and multilateral issues were amongst the issues that came up
during the discussions.
During the visit, UK Foreign Secretary was accompanied by Chancellor of the
Exchequer Mr. George Osborne who held the seventh round of India-UK Economic
and Financial Dialogue (EFD) with Minister of Finance and Defence on 8 July
2014. Discussions in the EFD focused on macroeconomic issues, infrastructure
financing, financial services and regulations and trade and investment
relations.
An Accord for ‘Enhancing cooperation in infrastructure and
Public-Private-Partnership (PPP)’ was signed by the two Ministers during the
EFD. Both countries agreed to pursue joint work on exploring ways to encourage
increased institutional investment in infrastructure including a one billion
British Pound line of credit from UK Export Finance (UKEF) to support Indian
infrastructure projects. In addition, it was decided to establish the India-UK
Financial Partnership supported by the Governments and financial services
industries to deepen the financial sector links between the two countries.
This Information was given by the Minister of state in the Ministry of External
Affairs and Overseas Indian Affairs Gen. (Retd.) Dr. V. K. Singh in Rajya Sabha
today.
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