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‘Hope India Raises Its 1st International Sovereign Bond In London’ Says Theresa May

Theresa May

London: British Prime Minister Theresa May has expressed hope that when India raises its first-ever international sovereign bond this year, it should do so in London’s capital market.

Addressing the India Day summit in London, Theresa May said: “When the Indian government raises its first-ever international sovereign bond later this year, I hope they do so in the City of London – whose capital markets, with their unrivalled depth and liquidity, are the best in the world.” “We are in the midst of an immensely productive period of economic relations between India and the UK. And I am immensely proud of the work I have done with Prime Minister (Narendra) Modi over the past three years both to strengthen the ties between our nations, and to make sure that very special relationship works for all our people,” she said. She expressed confidence that the bilateral business links would continue to grow stronger and deeper, “drawing us together and creating jobs and prosperity from Manipur to Manchester”.

Theresa May said the latest edition of the highly successful JETCO (India-UK Joint Economic and Trade Committee) trade dialogue saw representatives from both nations discuss the removal of trade barriers in the years ahead. “And once we leave the EU, our new immigration rules will see an individual’s right to work in the UK determined not by where they were born, but by what they can bring to our nation – a boost for Indian employers.’’ (IANS)

 

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