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Friday, 17 January 2014

London; Lord Mayor visits India to boost economic ties

The Right Honourable, The Lord Mayor of the City of London, Alderman Fiona Woolf will visit India this week to boost economic ties between the two countries (19-23 Jan). 
The Lord Mayor will lead a business delegation to the political and financial centres of New Delhi and Mumbai on her trip, meeting with senior industry representatives and policy makers to help strengthen the UK’s economic links with India and enhance the bilateral exchange of ideas between India and the UK.
As well as meeting leaders from the insurance and actuarial professions, she will chair a round table discussion on global governance.  The roundtables will explore the potential enhancements to governance standards and practices brought about by the 2013 Companies Act. 
The Lord Mayor will host an evening reception during her visit celebrating London as a centre for financial and professional services and meet inward investors to promote investment opportunities in the UK.
Speaking ahead of her visit, Lord Mayor Woolf said: “I am delighted to have the opportunity to visit India in my official capacity, especially at this exciting time.  India has the chance to deliver real economic reform  offering opportunities for foreign investors.  However, it is also important to note that reform is a delicate process.  Reforms must progress at a speed that allows infrastructure and the economy to develop so that long-term, lasting benefits are provided for Indian society and the wider economy. 
“I intend to use this visit to reinforce the mutual benefits for India and the UK.  The UK’s commitment to India remains strong: our companies want to do more business in India and the City of London remains India’s natural partner in global finance and business.  A greater participation of UK firms can help to facilitate economic development because they can introduce new products, services and expertise to the market, enhancing economic growth and supporting the development of domestic companies.  The City is here for the long haul.” 

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