India, UK ink pacts on infrastructure, financial services and sustainable finance

New Delhi: India and the UK signed agreements on Wednesday on financial services, infrastructure and sustainable finance at the 10th Economic and Financial Dialogue (EFD) between the two countries.

The agreements will help boost jobs and investments in both countries while building economic ties, an official statement said.

UK chancellor Rishi Sunak and finance minister Nirmala Sitharaman held discussions on working together to deal with the global economic impact of the coronavirus and tackling climate change through sustainable finance.


“The UK’s economic and financial relationship with India has never been more important with the global challenges we face. Today we set out our ambition for even stronger ties with an agreement that will increase investment, and create and secure jobs,” said Sunak. “We are also committed to working together to lead the global economic recovery as we build back better after the pandemic.”

Sitharaman said India-UK ties were important as the countries were among the world’s top seven economies with a combined GDP of over $5 trillion. She said India’s $1.4 trillion National Infrastructure Pipeline and the City of London are working together to ensure flows of sustainable finance.

“This partnership is helping set up a project preparation support facility-cum-centre of excellence for PPP projects,” she said.