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Finance minister Jaitley on a 5-day visit to UK to woo investors amid Brexit

Finance minister Arun Jaitley is set to woo global business leaders and foreign investors during his five-day visit to the United Kingdom this week amid the evolving situation over Brexit.

india Updated: Feb 26, 2017 08:04 IST
HT Correspondent
HT Correspondent
Hindustan Times, New Delhi
Brexit,UK,Arun Jaitley
Finance minister Arun Jaitley at the HT Leadership Summit in New Delhi in December 2016. (PTI File Photo)

Amid the evolving situation over Brexit, finance minister Arun Jaitley will woo global business leaders and foreign investors during his five-day visit to the United Kingdom during February 24-28.

On February 27, Jaitley will have a business interaction with over 100 leaders from the UK-India Business Council.

During his visit, the Union minister will attend the market opening ceremony at the London Stock Exchange followed by a Roundtable meeting with foreign investors.

Jaitley will hold round table meetings with prospective issuers and leading investors and financial technology leaders among others, a finance ministry release said.

The finance minister will also deliver a lecture at the London School of Economics on the theme ‘Transforming India: Vision for the Next Decade’ on February 25.

The visit comes amid the political upheaval over Britain exiting European Union, that has been popularly dubbed Brexit.

UK Prime Minister Theresa May is trying to engage with major trading and investment partners to cement ties for when Britain leaves EU and thereafter.

India, on the other hand, is trying to step up foreign investment inflows in infrastructure to shore up economic growth.

UK is the fourth biggest investor country with foreign direct investment totalling $24.37 billion since April 2000.

It is India’s 14th biggest trading partner; exports and imports totaled $8 billion during April-November 2016.

First Published: Feb 23, 2017 17:30 IST