FM Sitharaman To Travel Abroad To Boost Financial Collaborations

New Delhi: Union Finance Minister Nirmala Sitharaman will embark on an official visit to the United Kingdom and Austria from April 8-13, where she is scheduled to attend ministerial-level bilateral meetings, an official statement said on Monday.

The Finance Minister would participate in the 13th Ministerial round of India-UK Economic and Financial Dialogue and engage with think tanks, investors, and business leaders in the UK and Austria, according to a Ministry of Finance statement.

The 13th round of the India-UK Economic and Financial Dialogue (13th EFD) is scheduled to be held in London on April 9. It would be co-chaired by the Union Finance and Corporate Affairs Minister and the UK's Chancellor of the Exchequer.

"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," said the ministry.

The key priorities include cooperation in the IFSC GIFT City, investment, insurance, and pension sectors, FinTech and Digital economy, and mobilising affordable and sustainable climate finance. On the sidelines of the 13th EFD, FM Sitharaman will engage in bilateral meetings with key dignitaries, participate in investor roundtables and other meetings with heads of key financial institutions and companies.