Finland and India can work together to find common solutions to global challenges, according to Finnish Minister for Development Cooperation and Foreign Trade Ville Tavio.
“You may be aware that there are many Finnish companies in India including Kone which makes elevators and Nokia which is a telecom service provider. Similarly, there are many Indian companies in Finland. We also hope that the India EU Free Trade Agreement (FTA) concludes soon as it would be mutually beneficial for all countries involved,” Tavio said.
Tavio highlighted the potential for positive outcomes in areas such as digitisation, education, sustainability, and innovation (DESI). He also highlighted the value of trade between the two countries, highlighting the presence of Finnish companies in India, such as Kone and Nokia. Tavio also expressed hope for the India EU Free Trade Agreement (FTA) to be concluded soon, as it would be mutually beneficial for all involved countries. Finland is also considering supporting sustainability projects in India, seeking collaborations with start-ups. Commerce Minister Piyush Goyal said proposed FTA agreements with the EU and EFTA group are doable but should consider India’s interests. The Nordic region includes Denmark, Norway, Sweden, Finland, Iceland, Faroe Islands, Greenland, and Estonia, while the Baltic states include Estonia, Latvia, and Lithuania.
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