Seeking investments in Indian infrastructure and areas of mutual cooperation in the rail sector, Minister for Railways Suresh Prabbhu has met leading investors and officials during his two-day United Kingdom trip.
Prabhu, who had been in london last week at the invitation of the UK Government, met Oliver letwin, Chancellor of the Duchy of lancaster and UK Minister in charge of Cabinet Affairs and Patrick Mcloughlin, UK Secretary of State for Transport, to explore investment opportunities in Indian infrastructure and areas of mutual cooperation in the Rail sector.
The proposed issuance of Rupee bonds overseas by Indian corporates was also discussed during the meeting, according to a release issued by Railways Ministry. The UK side welcomed these proposals and promised the assistance towards ensuring success in these
endeavours.
Prabhu along with the UK Ministers also addressed a high-level Investors’ Round table and investors were positively inclined to commit long term funds for the infrastructure sector. Prabhu also visited the london Stock Exchange and met some leading investors.
The investors (banks/financial institutions) who participated in the interactions included Standard life, Citibank, SBI UK, SBI Caps UK, Prime Bridge Investments, london Stock Exchange, Standard Chartered Bank, ANZ bank, HSBC bank, Kotak Mahindra, Blue Bay Investments, Black Rock Investments, Deutche Bank, U K Green Investment Bank, Russell Investments, Jupiter Asset Management, HSBC, SBI Capital, Investec, BAMl, Redington and JP Morgan.
In addition, the Indian delegation also visited three stations in london area where considerable redevelopment of property has taken place. Railways has finalised plan to redevelop about 400 major stations across the country to upgrade passenger amenities.