‘UK-India discussing direct listing of Indian firms on London Stock Exchange with urgency & determination’
India will explore a direct listing of Indian companies on the London Stock Exchange, which was the big takeaway from the 12th India-UK Economic and Financial Dialogue. “We want Indian companies to benefit from the London Stock Exchange. There is urgency and determination from the top to conclude discussions on the listing of Indian companies on the London Stock Exchange”, said UK Chancellor of the Exchequer Jeremy Hunt in an exclusive interview with CNBC TV18.
India and the UK have also launched the Infrastructure Financing Bridge and a partnership on insurance and pension funds. The Chancellor said that the Infrastructure Financing Bridge will help unlock huge pools of capital in the UK for India.
The UK Chancellor said that there was strong momentum in talks on the free trade agreement and the bilateral investment treaty. “We want to have the most open possible FTA with the least possible restrictions. We are closer to the deal than we have ever been but it doesn’t mean we will have a deal. Rishi Sunak has been clear that we will sign it when we have the right deal for the UK,” he said.
