The Lord Mayor of the City of London, Ian Luder is visiting Delhi on 22-23 October along with a business delegation. The Lord Mayor arrives in Delhi to conclude his weeklong visit to India. Earlier this week, he visited Hyderabad and Mumbai.

While in Delhi the Lord Mayor will be meeting Indian ministers and business leaders. His discussions in Delhi will focus on increased collaboration in areas such as insurance, banking and legal services. He will also discuss the benefits financial services can bring to all sectors of society and share his views on how global co-operation on regulatory reform can best be harnessed to ensure future growth.

Lord Mayor Ian Luder said:

"Delhi is crucial to India's expansion as a global economic powerhouse and I look forward to sharing views on how the City of London and the UK can help India build its future as a leading economy of the 21st century.

"The City of London is a dynamic place to do business and the current crisis can be seen as an opportunity to develop partnerships to foster future economic growth."
During Lord Mayor's visit, he and his delegation will share UK expertise on the corporate debt market and in the area of infrastructure finance. India has set a target of $500 billion in infrastructure investment. The Lord Mayor is keen to see how UK capital, public-private partnerships (PPP) and carbon-emissions trading expertise can contribute to India's infrastructure development.

The business delegation accompanying the Lord Mayor includes senior representatives of all the major financial services sectors: banking, insurance, legal services and accountancy.

Notes for Editors

• The Lord Mayor of the City of London is elected for one year and the position is unpaid and apolitical. Lord Mayor represents the City of London and travels overseas with the status of a Cabinet Minister. Lord Mayor's biography. 
  
• The City of London is one of the world's leading international finance centres.
  
• The European Cities Monitor Report 2009 from Cushman & Wakefield voted London number one city in Europe in which to locate a business for the 20th year in a row. London came first in all three major criteria: access to markets, talent supply and connectivity (digital and physical).
  
• The World Bank's Doing Business Report 2010, published recently, lists the UK as the best place to do business in Europe.
  
• The World Economic Forum Financial Development Report 2009 has ranked the UK number one across the world

21.10.2009

Dan Chugg
Director, Press and Communications
British High Commission
Chanakyapuri
New Delhi 110021
Tel: 26872161; Fax: 26870065
mailto:Harleen.Sachdeva@fco.gov.uk

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