UK announces new scholarship for Indian finance professionals
The United Kingdom on Friday launched a "first of its kind" scholarship programme for Indian finance professionals to study in Britain.
London: The United Kingdom on Friday launched a "first of its kind" scholarship programme for Indian finance professionals to study in Britain.
UK Chancellor George Osborne launched the Chevening Financial Services Leadership programme during a breakfast meeting with Finance Minister Arun Jaitley here.
"It will be the first of its kind and help strengthen future financial ties between the two countries, while further cementing Britain's position as the centre for global finance," UK's Treasury Department said in a statement.
As part of the meeting, the ministers discussed the passage of India's Insurance Bill, which will create opportunities for UK insurers in India and deepen UK-India financial and economic links.
Priti Patel, the exchequer secretary to the Treasury and the Prime Minister's Indian Diaspora Champion, met Jaitley after the bilateral talks.
Patel will be co-hosting a?roundtable with the City of London Corporation and the London Stock Exchange where she will open the discussions, which will focus on the opportunities for investing in the Indian financial market.
The key recommendations to come out of the meeting will be fed into the India-UK Financial Partnership.
Jaitley will be welcomed to the financial district of London by LSE CEO Xavier Rolet and the group of institutional investors will include leading UK-based banking groups as well as an accompanying Federation Chambers of Commerce and Industry (FICCI) delegation members like FICCI president and Bharat Hotels chairperson Jyotsna Suri, Rajan Bharati Mittal of Bharti Enterprises and Neeraj Kanwar of Apollo Tyres.