Lord Mayor of the City of London leads business delegation to India

Tuesday 09th December 2014 10:06 EST

The Lord Mayor of London led a high profile business delegation to India from 6-10 December, to promote stronger economic ties between Britain and India.

Alderman Alan Yarrow held meetings with finance Minister Arun Jaitley, Commerce Minister Nirmala Sitharaman, law minister Sadananda Gowda and human resource development minister Smriti Irani.

Before flying to New Delhi he told the reporters at a press meet, "Since coming to power Prime Minister Modi has set out an ambitious and visionary economic agenda.

"My visit will help show that firms based in London and across the UK stand ready and willing to support these changes and that as a nation we are keen to do more business with India," said Yarrow.

"While we already have a long and established trade relationship, our continued success depends on building closer economic ties with high growth markets across the globe."

"India remains central to that success and in helping build a stronger, more sustainable British economy.”

The Lord Mayor was accompanied by a 14-member delegation of leading UK-based financial firms including Barclays, Chartered Institute for Securities & Investment (CISI), Standard Chartered, Thomson Reuters, Accenture, Lloyd's, Deloitte, EY, ACCA, Standard Life, ACCA, JP Morgan, London Stock Exchange Group and accountancy body ICAEW

One of the key areas of focus during this visit was the insurance sector and the passage of the Insurance Bill in the Indian Parliament. During this first foreign tour since taking over office as Lord Mayor recently, Yarrow also addressed the 'Economic Times' economic conclave and the Chartered Institute of Securities and Investment conference in New Delhi.

While in Mumbai, he inaugurated the UK India Business Council's new business centre and addressed the Oxford India Business Summit. He later addressed students at the HR College of Commerce and Economics before returning to the UK.

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