A series of green bond listings on the London Stock Exchange to raise funds for Indian infrastructure projects dominated the bilateral relationship in recent months.
India, UK to ink pact in urban transport sector
India and the UK will sign a pact soon for cooperation in policy planning, technology transfer and institutional organisation in the urban transport sector.
India’s Transport Minister, Nitin Gadkari, met UK’s Transport Secretary Chris Grayling in London recently and discussed a draft memorandum of understanding (MoU) in this regard, the Ministry of Road Transport and Highways said in a statement.
The draft MoU seeks to facilitate cooperation in the transport sector and enable the sharing of expertise and latest technology to promote efficient mobility solutions. The statement said it is also expected to usher in policy reforms that can transform the transport sector through improved customer service/data analysis and better use of IT systems.
The pact will also help in promoting digital transactions and induction of high capacity diesel/electric vehicles in India, it said adding, this MoU will also establish the terms on which such assistance can be provided.
During his visit to London, Gadkari addressed a session of the International Maritime Organisation.
He also addressed Indian business leaders in UK, urging them to cooperate in the Namami Gange project of the government.
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