VI & India strengthen financial ties
That’s according to a press release which states that the Government of the Virgin Islands concluded a landmark year of engagement in India’s financial services market, reinforcing the jurisdiction’s efforts to broaden its international reach and deepen ties with high-growth economies.
India is now the world’s fourth-largest economy and the fastest-growing among the G20, representing a major centre for outbound investment, private capital, fintech innovation, and international structuring.
Engagement focused on strengthening relations between VI & India officials
The release stated that the engagement throughout 2025 focused on strengthening relationships with senior government officials, regulators, and business leaders across India’s key financial centres, with the Virgin Islands delegation holding meetings across major Indian financial and technology hubs, including New Delhi, Mumbai, Gujarat International Finance Tec-City (GIFT City), and Bengaluru.
The programme was led by the BVI Government’s Representative Office in Hong Kong, under the mandate of the Office of the Premier and the Ministry of Financial Services.
The Virgin Islands Government underscored that engagement with India at the policy level reflects a deliberate approach to market diversification and international cooperation.
India entering new phase
Dr Ricardo L. Wheatley, Director of the BVI Government Representative Office in Hong Kong, said, "India is entering a phase of sustained outbound investment and international financial integration. Our objective is to ensure that the Virgin Islands is well-positioned as a trusted, neutral, and globally connected jurisdiction to support Indian institutions, entrepreneurs, and investors as they expand internationally.”
Meantime, Honourable Lorna G. Smith (AL), OBE, Minister of Financial Services, added, "Diversifying The Virgin Islands’ financial services markets is a strategic imperative. India’s economic scale, entrepreneurial depth, and increasing global integration make it an important partner for the future. Our engagement is focused on ensuring that the BVI remains a well-regulated and internationally respected jurisdiction that can support legitimate cross-border investment, innovation, and wealth creation.”
VI''s visibility enhanced in India’s financial ecosystem
The release further adds that in addition to government and regulatory engagement, the delegation met with senior leaders from global professional services firms, financial institutions, corporate service providers, venture capital and private investment communities, as well as chambers of commerce and industry associations. Participation in leading finance, fintech, and technology conferences further enhanced the VI’s visibility within India’s financial ecosystem.
"While demand for BVI financial services remains strong globally, the Government has emphasised the importance of sustained engagement in emerging markets to support long-term growth and ensure the jurisdiction remains relevant, trusted and globally integrated," the release continued.
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