27 September 2007
First UK-India Economic & Financial Dialogue
Michael Snyder, the City of London’s Policy Chairman joined
James Sassoon from HM Treasury in welcoming more than 80 city
business leaders and economic policy officials following the first
UK-India Economic & Financial Dialogue held on 27 September
2007.
The networking event followed in-depth meetings between senior
officials from HM Treasury and the Indian Ministry of Finance and
was a chance to strengthen partnerships and discuss economic and
financial services policy in the UK-India market.
Dr Subba Rao from the Indian Ministry of Finance, who headed the
Indian delegation, underlined the importance that the Indian
government places on reform in the financial and economic sectors
and highlighted the value of the trading relationship between the
UK and India.
The City of London opened the ‘City Office in Mumbai’ in May
2007, designed to strengthen financial services trade and
investment links between India and the UK through research and
advocacy. The City Office in Mumbai has proved a successful vehicle
for keeping the City’s finger on the pulse of Indian financial
services and is supported and driven by input from a high-level
India Advisory Council, chaired by Alan Rosling, Executive Director
of Tata Sons.
The City of London’s India Advisory Council members are
- Mukesh Ambani (Chairman of Reliance)
- Mr KV Kamath (CEO of ICICI Bank)
- Mrs Naina Lal Kidwai (CEO of HSBC)
- Ms Zia Mody (Senior Partner of AZB & Partners)
- Mr Nasser Munjee (Chairman of Development Credit Bank)
- Mr Deepak Parekh (Chairman of the HDFC Group).
Ends
Press enquiries to Cubby Fox at City of London’s press office on
020 7332 3451.
City of London Corporation:
The City of London Corporation is committed to maintaining and
enhancing the status of the wealth and tax-generating business of
the City as the world's leading international financial and
business centre through its policies and services. Examples are the
extensive overseas business missions on behalf of UK-based
financial services and the wide-ranging economic development,
research and regeneration effort the City of London Corporation
undertakes across London. It also runs the City Office in Brussels
on behalf of the City, City Representations in Beijing, Shenzhen
and Shanghai – and a City Office in Mumbai. Although the City of
London Corporation provides local government services for the City,
the financial and commercial heart of Britain, its responsibilities
also extend far beyond the City boundaries and include funding and
managing the Barbican Centre, running the Central Criminal Court at
the Old Bailey, 10,000 acres of open space around London and three
wholesale food markets, as well as acting as the London Port Health
Authority – and running the Animal Reception Centre at
Heathrow.