Union Finance Minister Nirmala Sitharaman.
| Photo Credit: PTI
Union Finance Minister Nirmala Sitharaman will visit the United Kingdom and Austria from April 8, 2025 (Tuesday) to April 13, 2025 (Sunday).
During the visit, Ms. Sitharaman will take part in ministerial-level bilateral meetings in both countries, the Finance Ministry said in a statement on Monday (April 7, 2025).
She will participate in the 13th Ministerial round of the India – U.K. Economic and Financial Dialogue (EFD) and engage with think tanks, investors, and business leaders in the U.K. and Austria, the Ministry said. The EFD will be co-chaired by the Finance Minister and the U.K. Chancellor of the Exchequer Rachel Reeves.
“The 13th EFD is a significant bilateral platform between the two countries that offers opportunities for candid engagement at Minister level, officer-level, working groups and between the respective regulatory bodies in various aspects of financial collaboration, including investment matters, financial services, financial regulations, UPI interlinkages, taxation matters and illicit financial flows,” the Ministry said.
The key priorities of the 13th EFD dialogue for the Indian side include cooperation in IFSC GIFT City, investment, insurance and pension sectors, FinTech and Digital economy, and mobilising affordable and sustainable climate finance.
The Ministry also said that the Union Finance Minister and the Chancellor of the Exchequer will launch various reports and initiatives to further collaboration.
On the sidelines, Ms. Sitharaman will meet key dignitaries, participate in investor roundtables and other meetings with heads of key financial institutions and companies.
In U.K., she will deliver the keynote address at the India-U.K. Investor Roundtable in the presence of Chief Executive Officers of international organisations, including key management personnel from across the U.K. financial ecosystem, including pension funds, insurance companies, banks, and financial services institutions.
In Austria, Ms. Sitharaman will hold bilateral meetings with senior Austrian government leaders, including Austrian Finance Minister Markus Marterbauer and Federal Chancellor Christian Stocker.
Along with Austrian Minister for Economy, Energy and Tourism Wolfgang Hattmannsdorfer, Ms. Sitharaman will also co-chair a session with key Austrian CEOs to apprise them of existing and upcoming opportunities in India for deeper investment collaboration between the two countries
Published – April 07, 2025 04:43 pm IST