Barclays launches new international investment project

Barclays launches new international investment project

August 1, 2021 Comments Off on Barclays launches new international investment project By admin

Barclays has announced that it has signed a $1.6 billion investment project with an international financial institution in India to expand its financial services operations in the country.

The investment will create jobs and support the expansion of the Barclays Group’s global reach, said David Ransome, CEO of Barclays International, in a statement.

The project, called the India-based International Banking Group, will add up to 1,000 jobs and provide additional investment to the Indian financial services industry.

Barclays will continue to expand globally as part of our strategy to expand our international footprint.

This new project will build on the success of Barclays’ current investment in India, and build on our existing commitments to invest $2.5 billion in India by 2020.

“We are delighted to welcome Barclays to India and to see this new international project being built on the momentum of the success and impact of our investments in India.

We will continue working with the Indian government and the Indian public to develop a mutually beneficial partnership, and to build on a global approach that is based on strong global leadership,” Ransom said.

Barclays, the world’s second-largest investment bank, is currently the largest investor in the Indian stock market.

Barclays has also invested $3 billion in the construction of new Indian office buildings and is exploring the possibility of establishing a new global office in the city of Hyderabad.

The new project is expected to create more than 500 new jobs and is expected add up for $1 billion to the company’s financials, Ransomes said.

The bank’s Indian operations have been in the spotlight in recent months due to the bank’s controversial trading practices.

The firm has faced multiple regulatory probes over its dealings with state-owned banks, including the Bank of Baroda, and the Securities and Exchange Board of India.

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