Minister for External Relations Undertakes First Official Visit to India

Tuesday 5 December 16:33

Senator Sir Philip Bailhache, the Minister for External Relations, will make his first official visit to Mumbai and New Delhi from 6 to 8 December 2017, to discuss the growing relationship between India and Jersey, and opportunities to develop closer ties.

Whilst in the country, Senator Bailhache is due to meet with government Ministers, senior officials and business representatives, including those from the Ministry of External Affairs, the Ministry of Finance, and the Ministry of State, Culture and Tourism. He will also be hosted by the British High Commissioner, Sir Dominic Asquith KCMG.

Jersey has well-established commercial relationships with Indian businesses, and has, in recent years, seen an increasing use of Jersey investment vehicles to conduit international capital into India for infrastructure projects. Jersey also hosts a number of successful companies of Indian Origin: Bharti Enterprise Group - Airtel Vodafone, InfrasoftTech, and Minerva TCSP.

Senator Bailhache will also participate in the 2017 International Taxation Conference, being hosted in Mumbai by the Foundation for International Taxation and IBFD, in cooperation with the Organisation for Economic Co-operation and Development (OECD).

The Minister will also visit the offices of InfrasoftTech, a fintech company specialising in digital solutions for the banking, financial services and government sectors. Headquartered in Mumbai, InfrasofTech has an established physical presence in Jersey and provides software to many local financial services companies.

Senator Bailhache commented: “I am delighted to have the opportunity to make my first Ministerial visit to India and to be able to meet with government Ministers, officials and businesses with strong ties to the Island. Jersey and India have excellent commercial partnerships and I believe there is strong potential for further development, contributing to Jersey’s jobs and growth agenda. In turn, Jersey can help India’s growth story and contribute to the facilitation of investment and employment. There is growing demand for secure and efficient cross-border transactions and Jersey is well placed to meet these needs.”

States of Jersey Press Release.

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