India is considering allowing its companies to list on the London Stock Exchange, a move that could open up broader access to global capital. The development was announced in a joint statement following the 13th Ministerial India-UK Economic and Financial Dialogue (EFD) held in London on Wednesday.
“Both sides recognise the potential of overseas equity listings to expand access to global investors and improve market liquidity,” the statement noted.
The high-level meeting was co-chaired by Finance Minister Nirmala Sitharaman and UK Chancellor of the Exchequer Rachel Reeves. Discussions focused on strengthening financial sector cooperation, advancing FinTech and digital economy initiatives and enhancing regulatory collaboration.
Both nations reaffirmed their commitment to jointly address global and bilateral economic challenges, including mobilising affordable green finance, tackling illicit financial flows and improving tax cooperation.
The dialogue also welcomed recent milestones, including UK universities setting up campuses in India and the release of a key report by the India-UK Financial Partnership (IUKFP) on direct listings in IFSC GIFT City. Moreover, a new private sector initiative on green finance was launched under the IUKFP framework.