UK foreign secretary James Cleverly announces funding in India through British International Investment

Team India Sentinels Saturday 29th of October 2022 12:55 PM

James Cleverly in India

New Delhi: UK’s foreign secretary James Cleverly has announced further collaboration between his country and India through British International Investment.

This included £11 million of UK funding invested in Kinara Capital, a woman-led fintech company.

“British International Investment is designed to strengthen trade ties with our partners and generate economic growth, benefitting the UK and creating jobs at home,” the British High Commission in India said.

Cleverly also announced a £22 million investment by the UK-backed Neev II Fund into Hygenco which will help India’s green energy transition by pioneering green hydrogen.

The visiting foreign secretary is also scheduled to meet India’s Minister of External Affairs S Jaishankar on Saturday to discuss the latest on the 2030 Roadmap, the landmark commitment to boost cooperation between the UK and India over the next decade.

He will also address the UN Security Council Counter Terrorism Committee.

It is expected that he would call for like-minded partners to come together behind a mission to cut terrorist resources and prevent future attacks like that seen in Mumbai in 2008.

It is his first visit to India after becoming the foreign secretary.

On October 28, he paid his respects at the Taj Palace Hotel in Mumbai, to those who lost their lives in the city’s 2008 terror attack, including three British nationals.


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