Britain doubles backing to UK cos exporting to India

Prabhu held talks with Britain’s international trade minister, Liam Fox, in London 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. 

As part of the deliberations, Fox announced that the UK’s national export credit agency, UK Export Finance, has more than doubled its financial support to enable UK businesses to trade with India.  

This means 4.5 bn pounds will now be available for UK companies exporting to India as well as Indian buyers of UK goods and services. UK would work with India to break down barriers to boost trade, which includes the doubling of trade finance support for UK exporters and Indian buyers of British goods and services.