Arun Jaitley visiting UK, asks British businessmen to invest in changing India

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Arun Jaitley, Union Finance Minister
Arun Jaitley, Union Finance Minister

On a three day visit to the United Kingdom,  the Union Finance Minister Arun Jaitley  ahead of the India-UK Economic and Financial Dialogue, has wooed British businesses and gave them strong hints  on investing in India. He highlighted the  initiatives taken by the Prime Minister Narendra Modi-led BJP  government  to make the country an attractive destination for global investment.

Jaitley had begun his three-day UK visit with an interaction with a select group of persons of Indian-origin who are associated with India-UK businesses .  Jaitley is also expected to deliver a keynote address at the Investors Summit scheduled at the London Stock Exchange. The event will be followed by another investors meet, jointly organised by Kotak Mahindra Bank in partnership with the Confederation of Indian Industry (CII).

Jaitley will then head to 11 Downing Street, the office of the UK Chancellor of the Exchequer, to make his official address to the India-UK Financial Partnership. This will be followed by the eighth round of the India-UK Economic and Financial Dialogue after which  Jaitley and Osborne will have a joint briefing for the media.

The key topics of discussions between the two leaders are expected to include various tax rationalisation measures and opening up of different sectors of the economy for FDI (Foreign Direct Investment).  Jaitley is expected to highlight initiatives taken by India over the last few months to make it a more attractive destination for global investment.

The stability of the Indian economy amid global turmoil is also expected to be the central theme as the Finance Minister leaves for Switzerland  to attend the World Economic Forum in Davos .  In Davos,  India will try to make its presence  felt with its large delegation.

The Indian delegation  includes RBI Governor Raghuram Rajan, Power Minister Piyush Goyal, Trade and Commerce Minister Nirmala Sitharaman, Minister of State for Finance Jayant Sinha and Andhra Pradesh Chief Minister N Chandrababu Naidu.

The prominent Indian business leaders are : Mukesh and Anil Ambani, Cyrus Mistry, Anand Mahindra, Rahul Bajaj, Azim Premji, Adi Godrej, Chanda Kochhar, Uday Kotak, Hari S Bhartia, Shyam Sunder Bhartia, Arundhati Bhattacharya, Naresh Goyal, Sunil Mittal, Rana Kapoor, Anant Gupta and C P Gurnani.

The World Economic Forum (WEF) Annual Meeting in Davos  would be attended by more than 2,500 participants from across the world, including 40 heads of state.