British chancellor of the exchequer Philip Hammond, who is visiting the city tomorrow to address the Asian Infrastructure Investment Bank (AIIB) meet, will meet his counterpart Piyush Goyal tomorrow, British consulate said today.
During the meeting with Goyal, Hammond will discuss ways to take forward the Indo-British joint efforts on fintech and infrastructure finance, the statement added.
At the AIIB meet, Hammond is slated to showcase the best that England has to offer on infrastructure finance and fintech and also demonstrate Britain's commitment to support investment in sustainable infrastructure across Asia.
It can be noted that Britain was the first G7 country to join the AIIB, which is holding its maiden two-day annual summit in the megapolis beginning tomorrow.
The visit builds on the successful visit of Prime Minister Narendra Modi to London in April, where Modi and British premier Theresa May had agreed to launch a new Indo- British tech partnership that will position both the nations as world leaders in cutting-edge technologies like artificial intelligence.
Hammond will also meet business leaders like Anand Mahindra and Deepak Parekh apart from meeting young entrepreneurs at the Zone Startups Accelerator at the BSE and celebrate the new fintech rocketships programme that was announced during Modi's April visit to London.
Hammond will be accompanied by Crispin Simon, the trade commissioner for South Asia and other senior officials from his department.
It can be noted that Britain is the world's largest exporter of financial services and the leading centre for fintech that contributed 6.6 billion pounds to its economy last year.
London continues to be a preferred market for Indian companies to raise infra finance through debt and the London Stock Exchange trades as many as 26 Masala bonds worth over 2 billion pounds today.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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