1 week ago
India, British Virgin Islands Explore Financial Services Ties
India and the British Virgin Islands are discussing ways to work more closely.
Their finance leaders met in New Delhi.
The British Virgin Islands sent a 12-member delegation to India.
The group is visiting several Indian cities from August 24 to 31.
They are especially interested in financial services and technology.
They also want to discuss trade, investment, and digital transformation.
India welcomed possible cooperation in areas of mutual interest.
The delegation described the visit as its first trade mission between the Virgin Islands and India.
Finance Minister Nirmala Sitharaman met British Virgin Islands Premier and Finance Minister Natalio D. Wheatley in New Delhi.
Wheatley is leading a 12-member delegation on the first Virgin Islands-India Trade Mission.
The delegation is visiting New Delhi, GIFT City, Mumbai, and Bengaluru from August 24 to 31.
The mission aims to expand cooperation in financial services, FinTech, digital transformation, trade, investment promotion, and capacity building.
Sitharaman said India offers a large and rapidly expanding market for financial services and investment.
- Who
- Indian Finance Minister Nirmala Sitharaman and British Virgin Islands Premier and Finance Minister Natalio D. Wheatley, along with a 12-member delegation.
- What
- They discussed expanding financial, trade, investment, FinTech, digital transformation, and capacity-building ties.
- Where
- The meeting was held in New Delhi, while the delegation is also visiting GIFT City, Mumbai, and Bengaluru.
- When
- The meeting took place on August 24; the trade mission runs from August 24 to 31.
- Why
- The British Virgin Islands wants to strengthen its engagement and financial-services presence in India.
Key facts
- Delegation size
- 12 members
- Mission dates
- August 24 to 31
- Mission description
- First-ever Virgin Islands-India Trade Mission
- Primary focus
- Financial services
- Other areas
- FinTech, digital transformation, trade, investment promotion, and capacity building
- Indian locations
- New Delhi, GIFT City, Mumbai, and Bengaluru
Quotes
Natalio D. Wheatley
Premier and Finance Minister of the British Virgin Islands
“It’s an opportunity to make friends formally with the Indian government, and we’ve already had engagement with one of their ambassadors right here in the Caribbean, based in Jamaica, and we had a wonderful exchange.”
freepressjournal.in
“We do very good business in China, Hong Kong, ecetera, but we believe we could strengthen our presence in India. So, financial services are key.”
freepressjournal.in
Sources
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