India, Finland decide to boost trade and financial investment ties

By: PTI|New Delhi|

\"India, External Affairs Minister Sushma

Swaraj. Express Photo by Prem Nath Pandey Top News India and Finland on Friday dealt with to increase cooperation in a series of locations, including trade and investment, energy and infotech, during talks in between External Affairs Minister Sushma Swaraj and her Finnish counterpart Timo Soini. The two ministers evaluated the entire range of bilateral relations. They accepted increase cooperation in trade, holding that there is huge scope for its expansion.External Affairs Ministry spokesperson Raveesh Kumar said Swaraj and Soini accepted deepen cooperation in equally advantageous spheres like trade and financial investment, IT, brand-new and renewable resource, science and innovation, culture and people-to-people contact.\”The two countries take pleasure in generally warm and friendly relations because diplomatic relations were established in 1949,\”he tweeted.Trade ties between the 2 countries are on a growth. India\’s annual trade with Finland has crossed USD 1 billion.In 2016, Finland was India\’s 60th biggest trading partner globally, and the 10th biggest within the EU. Similarly, in 2016, India was Finland\’s 23rd biggest trading partner worldwide, and the 5th largest within Asia.According to main figures, Finnish companies invested USD 419 million between April 2000 and July 2017.

About 100 Finnish companies now have operations in India, including through investments.Large manufacturers like Kone, Huhtamaki

, Salcomp, Ahlstrom have actually established manufacturing facilities in different parts

of India.About 30 Indian companies, generally in the software application and consultancy sectors, are active in Finland. These consist of TCS, WIPRO, Infosys, L&T InfoTech, Tech-Mahindra and HCL Technologies.For all the current India News, download Indian Express

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