India's Finance Minister Nirmala Sitharaman held a bilateral meeting with the UK's Secretary of State for International Trade, Mary Elizabeth Truss. Ms Truss congratulated India on its recent budget, highlighting its focus on investment and recovery, and acknowledged India's significant role in FinTech, digital economy, and start-ups. Both ministers discussed strengthening cooperation in areas such as infrastructure, insurance, and integrating SMEs into global value chains, while also noting the steady growth in bilateral trade and the potential for further enhancement.
Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman here today met Rt Hon Mary Elizabeth Truss, Secretary of State for International Trade, United Kingdom.
The Rt Hon Mary Elizabeth Truss, Secretary of State for International Trade, UK congratulated India for a forward-looking modern budget with its focus on investments and recovery in the post COVID-19 world.
Ms Truss acknowledged India as an influential player in FinTech, Digital Economy, Start-ups, Innovation and Data.
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FAQ :
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman met Rt Hon Mary Elizabeth Truss, Secretary of State for International Trade, United Kingdom.
Ms Truss congratulated India on a forward-looking modern budget with its focus on investments and recovery in the post COVID-19 world, and also complimented India on its prompt and effective response to the COVID-19 pandemic.
Smt. Sitharaman suggested areas of closer cooperation including investments in infrastructure, the insurance sector, and integrating small and medium enterprises in the global value chain.
Bilateral trade between India and the UK has been growing steadily over the past decade, with immense potential to be enhanced further.
The meeting noted that India and UK are working on Customs Cooperation and Mutual Administrative Assistance in Customs matters, and also highlighted the India-UK annual Economic and Financial Dialogue.