British Prime Minister Keir Starmer has said that India and the UK remain global leaders in financial technology (FinTech), as trade and services between the two nations have doubled over the past four years.
Addressing the Global FinTech Fest at the Jio World Centre in Mumbai, Starmer said that the trade agreement between India and the UK provides a launch pad to further advance the FinTech partnerships. He invited Indian companies to engage in business with the UK, while hoping that Britain would become India’s partner of choice in finance and FinTech.
Starmer pointed out that the combination of the UK’s talent and creativity, along with India’s vibrancy and promise, is an incredible combination.
Earlier in the day, Starmer had also announced new initiatives to strengthen bilateral cooperation with India across technology, education, and creative industries, reaffirming the deep and evolving partnership between the two countries.
At a press conference, he further stated that:
“We are opening the UK-India Technology Security Initiative to boost opportunities for great British companies and deliver dozens of new investments into the United Kingdom, harnessing tech as one of the biggest engines that we have for jobs and for growth.”
Highlighting key outcomes from his visit, he stated that the collaboration between India and the UK continues to expand into new areas.
“Other standout wins this week have come in filmmaking, with the announcement that three new Bollywood blockbusters will be made in the United Kingdom, and in education, with the announcement today that the University of Lancaster and the University of Surrey will open new campuses in India — joining other British universities setting up here and making the UK India’s top international education provider,” Starmer said.
Starmer also called for a hands-on approach to implement trade and investment deals between the UK and India. He stated that the government aims to work closely with industry leaders to ensure that the FTA agreement leads to tangible results.
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