Wednesday, July 30, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Economy

UK doubles financial support of British exports to India

Fiinews by Fiinews
January 12, 2018
in Economy, Imports, Infrastructure, Investment, Manufacturing, Projects
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Indian buyers allowed to import in Rupees

The UK government is doubling national credit support for British businesses exporting to India, Britain’s international trade minister, Liam Fox, announced in London, during the visit of Commerce and Industry Minister Suresh Prabhu.

Fox said that the UK’s national export credit agency, UK Export Finance (UKEF), has more than doubled its financial support to enable UK businesses to trade with India.

UK companies exporting to India as well as Indian buyers of UK goods and services will get a support of 4.5 billion pounds.

Fox and Prabhu held talks as part of the 12th meeting of the UK-India Joint Economic and Trade Committee (JETCO) to discuss greater cooperation between the two countries and identify barriers to trade and investment.

UKEF support is made available in Indian rupees, allowing Indian buyers to access finance in their own currency, which makes sourcing from the Britishers even more competitive.

“For the first time in 40 years, the UK is preparing for its own independent trade policy, and expanding our bilateral trade and investment with India will be central to that task.

“It’s in our shared interest to boost prosperity, generate jobs, develop skills, and enhance the competitiveness of both our countries,” said Fox.

According to the UK’s Department for International Trade (DIT), the India-UK trade was worth 15.7 billion pounds in 2016, with UK exports amounting to 5.8 billion pounds.

In 2016, UK investment in India was 13.2 billion pounds versus India’s 1.5 billion pounds in UK.

There is huge potential to expand bilateral trade and investment as the UK prepares to leave the European Union (EU), said DIT said.

The JETCO meeting also UK and Indian businesses interaction. UK engineering consultancy Arup and India’s Infrastructure Leasing and Financial Services (IL&FS) have discussed cooperation in growing sectors such as advanced manufacturing and smart cities. fii-news.com

Tags: Commerce and Industry MinisterSuresh Prabhu
ShareTweetShare

Related Posts

BP
Projects

Project: RIL-ONGC-BP explore GS-OSHP-2022/2

by Fiinews
July 30, 2025
0
12

Minister updates Rajya Sabha on exploration surge Reliance Industries Limited (RIL) has entered into a Joint Operating Agreement with Oil...

Mcga Mccerts
Projects

Project: Rs.16,300cr allocated to Critical Mineral Mission

by Fiinews
July 30, 2025
0
12

PSUs to invest Rs.18,000cr on critical minerals The Cabinet has approved the launch of the National Critical Mineral Mission (NCMM)...

Buildbharat

Manufacturing: DPIIT-Ather collaborate for EV growth

July 30, 2025
14
LTTS

Project: LTTS wins $60m telecom contract

July 29, 2025
18
PHDCCI

Project: India needs financially aware society

July 29, 2025
12
PIB

Project: Minister assures 100% FDI in shipping

July 28, 2025
16
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: RIL-ONGC-BP explore GS-OSHP-2022/2
  • Project: Rs.16,300cr allocated to Critical Mineral Mission
  • Manufacturing: DPIIT-Ather collaborate for EV growth
  • Market: Nedia-Birla to work across Americas
  • Project: LTTS wins $60m telecom contract

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.