Scotland and India explore new frontiers in fintech collaboration

Scotland and India explore new frontiers in fintech collaboration

Pam Gosal MSP

A delegation of Scottish Parliament MSPs have made their way to India for the first time this week with the ambition of boosting fintech trade links.

The group of MSPs, led by the convener of the Scottish Parliament Cross-Party Group on India, Pam Gosal, will visit the new Parliament of India building in Delhi and meet with numerous Indian businesses and organisations.

From the 7th to 13th of October, they will engage with the fintech sector in India to create opportunities for collaboration with Scotland in this rapidly growing industry.

They will be joined by Dr Poonam Gupta OBE, the CEO of export powerhouse PG Paper, in her role as vice president of the Scottish Chamber of Commerce and export champion for the UK government Department for International Trade.

The other MSPs on the delegation will be Sharon Dowey MSP and Alexander Stewart MSP for the Scottish Conservatives, Kenneth Gibson for the SNP, and Foysol Choudhury for Labour.

The group will meet with businesses and organisations including Invest India, the Federation of Indian Chambers of Commerce and Industry (FICCI), the South Asian Chamber of Commerce, Tata Consultancy Services, the Global Indian Organisation and the INT Group.

Pam Gosal MSP said: “This is the first ever Scottish Parliament delegation to India and I am optimistic that it can kick-start closer trading relations between businesses in each country.

“There are huge opportunities to grow Scotland’s economy by bolstering our trade with India’s flourishing Fintech sector.

“I am hopeful that the India CPG can help to bring more jobs and investment to Scotland.

“I am looking forward to discussing how we forge stronger links with Indian businesses, organisations and government officials over the next week.”

Ms Gupta said: “Scotland’s Fintech sector has a bright future and will be a rich source of jobs and economic growth for years to come.

“There is a real chance to expand the Scottish sector further by developing a closer relationship with Indian businesses.

“This CPG delegation to India is a positive step forward and I am encouraged that it can achieve great things.”

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