Arun Jaitley meets UK chancellor George Osborne, reviews economic ties2 min read . Updated: 13 Mar 2015, 07:26 PM IST
Jaitley and Osborne reviewed progress in strengthening and deepening cooperation between Britain and India on economic and financial issues
London: Finance minister Arun Jaitley on Friday met UK chancellor George Osborne and reviewed progress made since 2010 in strengthening and deepening cooperation between Britain and India on economic and financial issues, including increased inward investment in each other’s economies.
Jaitley arrived here earlier on Friday on his first official visit and began his two-day UK tour with a bilateral meeting with Osborne over breakfast. Osborne hailed the “increasingly important" relationship between Britain and India’s economies. “Building on our already strong relationship with India has been a key priority of this government. At the heart of our long term economic plan is developing closer links with fast-growing emerging markets like India—links that benefit both countries in terms of growth and jobs," Osborne said after meeting Jaitley at his office at No. 11 Downing Street.
The senior Conservative Party minister also welcomed Jaitley’s presence at the unveiling of the “symbolic statue" of Mahatma Gandhi at Parliament Square in London on Friday.
He said, “Together we will celebrate the unveiling of the Gandhi statue in Parliament Square, which I announced on my visit to India last July on a trip to see Prime Minister (Narendra) Modi. I’m delighted work has progressed so quickly and honoured that finance minister Jaitley is here to unveil this symbolic statue".
“Our cultural ties with UK are just as important as our economic links, and this visit is also an opportunity for the Indian government to meet the British Indian community and see their enormous contribution. It is with great pleasure that I have accepted Prime Minister (David) Cameron’s invitation to attend the inauguration of the new statue of Gandhi in Parliament Square in London," Jaitley said.
The pair went on to discuss further progress made since 2010 in strengthening and deepening cooperation between Britain and India on economic and financial issues, including increased inward investment in each other’s economies. “Nurturing and expanding the financial partnership between the UK and India has been a key objective of the government since 2010, so it is great that today we’ve been able to announce further progress towards this during finance minister Jaitley’s visit to London," said Priti Patel, exchequer secretary to the Treasury and the Prime Minister’s “Indian Diaspora Champion," who met Jaitley after the talks. “We will continue to build ever closer engagement with the Indian government, so that both of our great nations can benefit from the economic and cultural rewards," she added. PTI