London mayor to visit India next week

New Delhi, May 17 (IANS) The mayor of London John Stuttard, who represents Britain’s financial services, is all set to visit India May 20 to work with the Indian government in developing an international financial centre in Mumbai.

The mayor will lead a 40-member high-powered business delegation that would travel to New Delhi, Mumbai and Kolkata.

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“India’s High-Powered Expert Committee on developing Mumbai as a world-class financial centre described the City of London as its ‘natural reference point’ and we are keen to partner with the Indian government as it works to develop its national economy,” Stuttard said in an official statement.

“It is a challenging and exciting time for India with an economy growing at more than 8 percent and half the population under 25 years,” he said.

He would be addressing a seminar “Partners in Action – How London’s global financial experience can be relevant to India” in Delhi, and in Mumbai he will inaugurate City of London’s office and chair an event focusing on how Public-Private Partnership (PPP) can help finance India’s infrastructure.

His visit will be supported by UK Trade and Investment and the British Council.