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Source: The post is based on the article “India-UK hold 12th Economic and Financial Dialogue (EFD) in New Delhi” published in PIB on 12th September 2023
What is the News?
The 12th Round of Ministerial India-UK Economic and Financial Dialogue was held in New Delhi.
What are the key highlights from 12th India-UK Economic and Financial Dialogue?
UK-India Infrastructure Financing Bridge Initiative: India and the UK have launched the UK-India Infrastructure Financing Bridge Initiative.
– The initiative is co-led by NITI Aayog and the City of London Corporation.
– The bridge aims to harness collective expertise in planning and implementing major infrastructure projects in India.
Indian companies to list on exchanges overseas: The United Kingdom has received the first confirmation from India that it would explore the London Stock Exchange (LSE) for overseas direct listing of Indian companies.
– Under the current regulations, Indian firms are not allowed to list directly on overseas exchanges.They can only list on foreign exchanges through instruments, such as depository receipts.
